MassMutual Achieves Highest Q2 and YTD 401k Sales Increases
SPRINGFIELD, MA, September 1, 2009 -- According to a leading industry survey*, MassMutual's Retirement Services Division achieved the highest second quarter 2009 sales based on assets among 16 participating retirement plan providers. The results encompass full service and third-party administrator service models and plans with 10,000 participants or less.
MassMutual experienced a 172% increase in 401k sales vs. the second quarter of 2008, capturing the highest share of the total sales based on assets among participating providers. MassMutual also achieved a 51% sales increase YTD vs. the same period last year.
"MassMutual's financial strength, stability and commitment to working with some of the most highly-regarded retirement advisors in the business is a winning combination," says Hugh O'Toole, senior vice president of sales and client management for MassMutual's Retirement Services Division. "Our sales numbers clearly reflect advisor and market confidence in MassMutual as a retirement services provider that is here for the long term," adds O'Toole.
For more information regarding MassMutual Retirement Services, please call your retirement plan advisor or contact MassMutual at 1-866-444-2601.
*Source: LIMRA International, The 401k Scorecard, Second Quarter 2009
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.
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