MassMutual Retirement Services Sponsors "Plan Health and Retirement Readiness" Webcast

SPRINGFIELD, Mass., Aug. 10, 2011 /PRNewswire/ -- More than 800 retirement plan advisors and sponsors attended the recent Plan Health and Retirement Readiness webcast hosted by PLANSPONSOR® magazine and sponsored by MassMutual Retirement Services.

This informational webcast was presented by Fred Reish, partner/chair of the fiduciary services ERISA team at Drinker Biddle & Reath LLP and Tina Wilson, CFA, vice president of product development, MassMutual Retirement Services. Moderated by PLANSPONSOR's founder and director Charlie Ruffel, the presenters directly addressed two key challenges facing the retirement industry today: 1) the importance of measuring plan health and 2) helping plan participants prepare for retirement.

Reish and Wilson reviewed the critical characteristics of the "new" retirement plan and discussed ways that plan advisors and sponsors can help improve overall plan health, prepare participants for retirement, and fulfill their fiduciary responsibilities.

An integral part of this framework, the MassMutual PlanSmart(SM) Analysis report, allows advisors and sponsors to gauge the health of a plan by assessing the percentage of employees likely to have enough income in retirement. And for participants, the RetireSmart(SM) Ready tool provides a simple way to assess their personal level of retirement readiness. The RetireSmart Ready tool frames the solution around the need to generate retirement income rather than accumulate a lump sum of money, while providing complete solutions they can implement. Both resources were presented by Wilson during the webcast.

"The outstanding attendance of this webcast signifies how important the topics of plan health and retirement readiness are to the retirement services industry today," states Elaine Sarsynski, executive vice president of MassMutual's Retirement Services Division and chairman and CEO of MassMutual International LLC. "MassMutual Retirement Services is uniquely positioned to help plan advisors and sponsors address these very important topics by providing tools designed to drive healthy outcomes. Our PlanSmart Analysis report is just one example of how overall plan effectiveness can be measured, understood, and ultimately improved," adds Sarsynski.  

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

Click here to watch a replay of the full webcast (click Playback and enter your name, email address, company and title on the following screen). You may also view a three-minute overview of MassMutual's Plan Health and Retirement Readiness Experience here.

About MassMutual

MassMutual's Retirement Services Division has been serving retirement plans for 65 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 1.3 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) 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, LLC, Member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.

For more information, visit www.massmutual.com or "Like" MassMutual on Facebook and Facebook.com/retiresmart.

Copyright ©2011 Massachusetts Mutual Life Insurance Company (MassMutual) and affiliates, Springfield, MA 01111-0001. All rights reserved.

Contact: Jessica Barry
413-744-8334      
[email protected]

SOURCE MassMutual Retirement Services

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED