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MassMutual Achieves Highest Q2 and YTD 401 (k) Increases Sales According to industry data

 

Wednesday, Sep 02,2009, 10:06:50 AM   Click:

A survey of the industry's most popular *, MassMutual Retirement Services division achieved the highest second quarter 2009 sales based on the assets of the 16 vendors participating pension plans. Results include a full service and models of responsible third service organization and plans with 10,000 participants or less.



MassMutual has been an increase of 172% in 401 (k) sales over the second quarter of 2008, capturing the largest share of total sales based on assets between participating vendors. MassMutual has also achieved a turnover increase of 51% YTD versus 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 401(k) 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.

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.

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