MassMutual Continues Strong Sales Momentum with Addition of $22 Million Meritage Homes Corporation Retirement Plan

SPRINGFIELD, Mass., Aug. 18 /PRNewswire/ -- MassMutual's Retirement Services Division has been selected by Meritage Homes Corporation as the new provider for its defined contribution retirement plan. The plan has more than $22 million in assets under management and approximately 600 participants.

Meritage Homes has been building award-winning homes for 25 years. Based in Scottsdale, Ariz., Meritage prides itself on designing and building new homes and communities that are innovative, built with care and craftsmanship, and deliver enduring value.

"Just as we strive to deliver enduring value for our own Meritage customers, we wanted a retirement plan provider that would deliver enduring value for our employees," says Bobbi O'Brien, Benefits Manager, Meritage Homes Corporation. "MassMutual has knocked the plan installation process out of the ballpark. They had a concise game plan and nothing was left to chance. Communication was great! Nothing slipped by them," adds O'Brien.

"Meritage's unmatched commitment to quality extends to its employees. They sought a financially-strong provider like MassMutual with a proven success record in providing innovative products and educational tools that help employees plan and save for a comfortable retirement. MassMutual's high-quality service to its clients, from a seamless transition to ongoing service excellence, is a differentiator in this extremely competitive marketplace," says Darrell Ellisor, principal, CLU, ChFC, Peak Financial Group, LLC.

"We're so pleased to welcome Meritage Homes to the MassMutual family," says Elaine Sarsynski, executive vice president of MassMutual's Retirement Services Division and chairman and CEO of MassMutual International LLC. "We look forward to helping Meritage employees successfully plan for their retirement years."  

For more information about MassMutual Retirement Services, please contact your retirement plan advisor or contact MassMutual at 1-866-444-2601.

About MassMutual

MassMutual's Retirement Services Division has been serving retirement plans for more than 60 years. It offers a full range of products and services for corporate, union, nonprofit and governmental employers' defined benefit, defined contribution and nonqualified deferred compensation plans. It serves approximately one million participants.

Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders.  The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders every year since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long-term.

MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, Inc., member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.

For more information, visit massmutual.com.

Copyright © 2010 Massachusetts Mutual Life Insurance Company (MassMutual) and affiliates, Springfield, MA 01111-0001.

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SOURCE MassMutual Retirement Services Division