MassMutual Launches New Version of Fiduciary Guide
SPRINGFIELD, MA, June 28, 2012 -- MassMutual's Retirement Services Division is pleased to announce the launch of its newest Fiduciary Guide. Following a complete revision, the 2012 Guide serves as a detailed toolkit to help plan fiduciaries determine their status and understand their responsibilities.
Specifically, the guide helps fiduciaries:
- Identify and undertake required actions,
- Employ practical suggestions to keep their plan on track and fulfill their obligations,
- Consider voluntary actions they can take to improve their plan and mitigate risk.
"Plan fiduciaries play the lead role in safeguarding the rights of plan participants," says Eric Leverson, assistant vice president with MassMutual Retirement Services. "With this important role, we want them to understand they are not alone when facing today's maze of regulatory requirements. MassMutual's ERISA Advisory Services team offers ready access to knowledge and experience fiduciaries can use to help effectively manage their retirement plans," adds Leverson.
The Fiduciary Guide is one of two companion pieces designed to help fiduciaries fulfill their responsibilities. The other, MassMutual's Fiduciary Calendar, is current with important deadlines and information on new requirements.
Visit www.massmutual.com/EAS to learn more. The revised Fiduciary Guide is available on MassMutual's Sponsor and Intermediary websites. If you do not have access to either site, contact MassMutual directly.
For more information about MassMutual Retirement Services, please contact your retirement plan advisor or call MassMutual at 1-866-444-2601.
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, LLC, Member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.
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/401k 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'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 1.6 million participants.
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