We also offer individual retirement accounts, and Fortuna by MML Investors Services ©2020 Great-West Life & Annuity Insurance Company. ... or guidance outside of their relationship with MassMutual, MML Investors Services, or their affiliated companies. MassMutual partners exclusively with Gitterman Wealth Management to provide you with confidential, complimentary retirement planning and consulting services for your ABP or ACTS Program account. MassMutual offers a wide range of financial products and services, including life insurance, disability income insurance, long-term care insurance, annuities, retirement plans and other employee benefits. Have another MassMutual account? Retirement Access 401(k) defined contribution plans. Securities, investment advisory and financial planning services offered through qualified registered representatives of MML Investors Services, LLC., Member SIPC. Any such offices are not subsidiaries or affiliates of MassMutual or … The … 3 Haven Life Insurance Agency, LLC is an affiliate of MassMutual. Springfield, MA 01111. Read the press release here Access our next-gen practice management tools and resources The MassMutual retirement plan business comprises 26,000 workplace savings plans through which approximately 2.5 million participants have saved $167 billion in assets. Learn how we can help you. © 2020 Massachusetts Mutual Life Insurance Company (MassMutual®). All life insurance (other than corporate-owned, bank-owned, executive group, and guaranteed) Log in Send us an email 1 The 23-year-old from Aledo, Texas, will sport Empower’s logo during the 2021 & 2022 LPGA Tour seasons. From fully-bundled, semi-bundled, or investment-only approaches to pension plan services – to combining services for both defined contribution and defined benefit plans, we offer the experience, expertise, and flexibility to help employers achieve their retirement plan goals. ET. Premier retirement service provider for more than 50 years We understand what it takes for you to negotiate strong benefits and provide your members with the tools they need to succeed at work. Headquartered in metro Denver, Empower Retirement administers, $667 billion in assets for more than 9.7 million retirement plan participants as of June 30, 2020. By Matthew DiGangi. All products and services It also includes approximately 2,000 employees affiliated with MassMutual’s retirement plan business who provide a full range of support services for financial professionals, plan sponsors and participants. MassMutual Dashboard. 1 As of June 30, 2020. 1 1 There may be implications under the Employment Retirement Income Security Act (ERISA) depending on how certain types of insurance policies are made available to employees and whether such an arrangement constitutes an “employee benefit plan” under ERISA. The deal is … Determine Any such offices are not subsidiaries or affiliates of MassMutual or its affiliated companies. 1295 State Street. Empower Retirement, for a second year, has been recognized as one of the most community-minded companies in Colorado in the Civic 50. MassMutual's nationwide network of Financial Professionals can help you learn more about insurance, investing and financial planning. We are excited about the opportunity to reach new customers and serve even more Americans on their journey toward creating a secure retirement.”, “In Empower, we are pleased to have found a strong, long-term home for MassMutual’s retirement plan business, and believe this transaction will greatly benefit our policyowners and customers as we invest in our future growth and accelerate progress on our strategy,” said Roger Crandall, MassMutual Chairman, President and CEO. The MassMutual retirement plan business comprises 26,000 workplace savings plans through which approximately 2.5 million participants have saved $167 billion in assets. MassMutual Retirement Services MassMutual. , will increase Empower’s participant base to more than 12.2 million and retirement services recordkeeping assets to approximately $834 billion administered in approximately 67,000 workplace savings plans. The MassMutual retirement services business will add 26,000 plans with approximately 2.5 million participants and US$167 billion in assets. Find a Financial Professional to learn more, get coverage or get a quote. Supervisory Office: 3540 E Longwing Lane Ste 210 Meridian, ID 83646. MassMutual announced that a new company, Empower Retirement, will be acquiring their retirement plan business located in Enfield, Connecticut. The acquisition will capitalize on both firms’ expertise, provide technological excellence and deep product capabilities, and create scale to the benefit of retirement plan participants and their employers. Empower has annually grown at more than twice the rate of the industry average5 fueled by integrated financial technology tools, a commitment to customer service and an advisor-centric offering that have been the hallmarks of the company’s highly successful retirement plan solutions. MassMutual offers life insurance and protection products, retirement and investment services to help you meet your financial goals. Concurrently, MassMutual will retrocede business it reinsures from a cedent, which MassMutual assumed in a previous transaction. Offices operating under an alternative marketing name may offer products, services, or guidance outside of their relationship with MassMutual, MML Investors Services, or their affiliated companies. Contact Empower Retirement for a prospectus, summary prospectus for SEC registered products or disclosure document for unregistered products, if available, containing this information. In addition, the balance sheet of the transferred business would be supported by $1 billion of required capital when combined with Empower’s existing U.S. business. If you have questions about accessing your Mutual of America account online, please call 800.468.3785, Monday–Friday, 9:00 a.m.–9:00 p.m. and Rockefeller Capital Management served as financial advisors to Empower. The 35-year-old from Pittsburgh, Pennsylvania, turned pro in 2007 and has had three PGA Tour victories, including two back-to-back wins in 2019. Retirement Plans Government, education, healthcare, not-for-profit plans. Carefully consider the investment option’s objectives, risks, fees and expenses. The Hartford's Retirement Plans Group is now a part of MassMutual's Financial Group. As the need for care increases, so too does the cost of services. Insurance, Annuities, and Investments. 401(k) and pension plans. The transaction will also bring MassMutual’s defined benefit business under the umbrella of plans Empower serves. For more information, visit massmutual.com. The MassMutual retirement plan business has grown substantially over the past decade, with the number of participants served doubling to over 2.5 million and assets under management more than quadrupling from $34 billion to over $160 billion. A MassMutual roll-in specialist can help you determine if you’re eligible and walk you through the process step-by-step. MassMutual provides retirement planning information that can help answer your questions. Read more about the retirement resources and advice we offer. Call 1-800-272-2216 Mon – Fri 8 a.m. – 8 p.m. will serve retirement plans sponsored by a broad spectrum of employers. Get Retirement Ready Enjoy Retirement Financial Wellness Calculate Most Popular Getting Started Life Events Maximizing Your Plan Retiring What's New? Any such offices are not subsidiaries or affiliates of MassMutual or … Product/Fund Performance & Regulatory Documents, Modal Charge Disclosure and APR Calculator. The transaction will also bring MassMutual’s defined benefit business under the umbrella of plans Empower serves. MassMutual offers a wide range of financial products and services, including life insurance, disability income insurance, long-term care insurance, annuities, retirement plans and other employee benefits. The MassMutual retirement-plan business comprises 26,000 workplace savings plans through which approximately 2.5 million participants have saved $167 billion in assets. Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel, and Lazard served as exclusive financial advisor to MassMutual. Privacy (Updated) Account Protection Policy (Updated) Legal/Terms of Use (Updated) The MassMutual retirement services business will add 26,000 plans with approximately 2.5 million participants and US$167 billion in assets. The MassMutual retirement plan business comprises 26,000 workplace savings plans through which approximately 2.5 million participants have saved $167 billion in assets.1 It also includes approximately 2,000 employees affiliated with MassMutual’s retirement plan business who provide a full range of support services for financial professionals, plan sponsors and participants. Insurance products are issued by or offered through Great-West Life & Annuity Insurance Company, Corporate Headquarters: Greenwood Village, CO; or in New York, by Great-West Life & Annuity Insurance Company of New York, Home Office: New York, NY. Springfield, MA 01111-0001. A wide range of group retirement products and services can help you maintain a long-term retirement strategy. It is the nation’s second-largest retirement plan recordkeeper by total participants.6 Empower serves all segments of the employer-sponsored retirement plan market: government 457 plans; small, midsize and large corporate 401(k) clients; non-profit 403 (b) entities; private-label recordkeeping clients; and IRA customers. Welcome to MassMutual Effective January 1, 2013, Massachusetts Mutual Life Insurance Company (MassMutual) acquired The Hartford's Retirement Plans Group. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. Any such offices are not subsidiaries or affiliates of MassMutual or … 2 Estimated joint assets under administration of Empower Retirement and MassMutual. For assistance with your Retirement or other online account, please contact us. MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. MassMutual’s retirement services business administers savings programs, such as 401(k) plans, for private and public sector employees. ... or guidance outside of their relationship with MassMutual, MML Investors Services, or their affiliated companies. Government, education, healthcare, not-for-profit plans, Log In Help for Personal Insurance, Annuities, & Investments. 4 As of June 30, 2020. Home | About MassMutual. The acquisition will capitalize on both firms’ expertise, provide technological excellence and deep product capabilities, and create scale to the benefit of retirement-plan participants and their employers. Consider these and other factors, uncertainties and potential events carefully and do not place undue reliance on forward-looking information. Access your 401(k) and pension plans. Welcome to MassMutual Retirement Services. GWLA assets total $47.7B and liabilities total $46.1B. Business retirement plans are not one size fits all. Log-in > or Enroll Now > Supervisory Office : 300 Corporate Parkway, Suite 216N, Amherst, NY 14226, Phone : 716-852-1321. About MassMutual MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. With new features, the RetireSmart app is better than ever. Yet, findings from The MassMutual Long Term Care in America Study show that few people believe they will need long term care or prepare for it. (MassMutual) announced they have entered into a definitive agreement for Empower to acquire the MassMutual retirement-plan business. Schedule a consultation online, or call 1-888-526-6905. MassMutual has entered into an agreement to sell its retirement plan business to Empower. The deal is expected to close in the fourth quarter of 2020. “Together, Empower and MassMutual connect a broad spectrum of strength and experience with a shared focus on the customer. The combined firm will serve retirement plans sponsored by a broad spectrum of employers. Blog Listing. Is my Roth account included? The MassMutual retirement plan business comprises 26,000 workplace savings plans through which approximately 2.5 million participants have saved $167 billion in assets. 1 There may be implications under the Employment Retirement Income Security Act (ERISA) depending on how certain types of insurance policies are made available to employees and whether such an arrangement constitutes an “employee benefit plan” under ERISA. During a transition period you will see branding of both The Hartford and MassMutual as well as legal notices of each company. Expand your business with personalized support from MassMutual Brokerage. Based on the terms of the agreement and subject to regulatory approvals, Empower will acquire the retirement plan business of MassMutual in a reinsurance transaction for a ceding commission of $2.35 billion. Supervisory Office: 3720 Davinci Court, Suite 150, Peachtree Corners GA 30092, Phone: 404-255-0118. The MassMutual retirement services business will add 26,000 plans with approximately 2.5 million participants and US$167 billion in assets. All Rights Reserved. Stephen Gawlik, Stephen.Gawlik@empower-retirement.com, 617-417-4408, Laura Crisco, LCrisco@massmutual.com, 413-887-1519. Information refers to the business of Great-West Life & Annuity Insurance Company and its subsidiaries, including Great-West Life & Annuity Insurance Company of New York. Contact Us FAQs Glossary Help Massmutual.com Why MassMutual? Headquartered in metro Denver, Empower Retirement administers $667 billion in assets for more than 9.7 million retirement plan participants as of June 30, 2020. During a transition period you will see branding of both The Hartford and MassMutual as well as legal notices of each company. Empower has annually grown at more than twice the rate of the industry average, it had completed the acquisition of Personal Capital, a. registered investment adviser and wealth manager. Empower today administers $667 billion in assets on behalf of 9.7 million American workers and retirees through approximately 41,000 workplace savings plans. Skip Navigation. ... or guidance outside of their relationship with MassMutual, MML Investors Services, or their affiliated companies. Securities, investment advisory and financial planning services offered through qualified registered representatives of MML Investors Services, LLC., Member SIPC. Select another MassMutual website: RetireSmart. 1 There may be implications under the Employment Retirement Income Security Act (ERISA) depending on how certain types of insurance policies are made available to employees and whether such an arrangement constitutes an “employee benefit plan” under ERISA. The MassMutual retirement services business will add 26,000 plans with approximately 2.5 million participants and US$167 billion in assets. MassMutual Customer Service If you have a question about your MassMutual policy or plan, please contact us at one of the options below. Make smart choices and save now to meet your retirement savings goals. Local sales agencies are not subsidiaries of MassMutual or its affiliated companies. Securities, investment advisory and financial planning services offered through qualified registered representatives of MML Investors Services, LLC, Member SIPC Supervisory Office: 3700 W. Sam Houston Parkway South, Suite 250, Houston, TX 77042-5118, Phone: 832-251-5400. Of the total $667B assets under administration, $16.8B represents the AUA of GWLANY. These include mega, large, midsize and small corporate 401(k) plans; government plans ranging in scale from state-level plans to municipal agencies; not-for-profits such as hospital and religious organization 403(b) plans; and collectively bargained Taft-Hartley plans. All features may not currently be available and are subject to change without notice. 1 There may be implications under the Employment Retirement Income Security Act (ERISA) depending on how certain types of insurance policies are made available to employees and whether such an arrangement constitutes an “employee benefit plan” under ERISA. “This includes strengthening our leading position in the U.S. protection and accumulation industry by expanding our wealth management and distribution capabilities; investing in our global asset management, insurance and institutional businesses; and delivering a seamless digital experience — all to help millions more secure their future and protect the ones they love.”, The transaction, which is expected to close in the fourth quarter of 2020 pending customary regulatory approvals, will increase Empower’s participant base to more than 12.2 million and retirement services recordkeeping assets to approximately $834 billion administered in approximately 67,000 workplace savings plans.2. 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