Government, education, healthcare, not-for-profit plans. MassMutual Dashboard. Misconceptions and long term care. Our newsletter provides insights into current events, financial tactics and ways to save. We also offer individual retirement accounts, and Fortuna by MML Investors Services, a digital investment platform providing automated portfolio management. 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 … Explore how you can make the most of your retirement plan contribution. Government, education, healthcare, not-for-profit plans, Combines talent and expertise in key growth areas to provide customer service focus, technological excellence, deep product capabilities, Expands firm’s capabilities across retirement services market to more than 12.2 million individuals and 67,000 retirement plans. Privacy (Updated) Account Protection Policy (Updated) Legal/Terms of Use (Updated) In addition, Empower’s retail business provides a robust suite of products and services to individual retirement account and brokerage customers. we’ve been helping people secure their future and protect the ones they love, year in a row to World’s Most Ethical Companies list. Locate tools, calculators and articles to help you meet financial goals. If you … 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 … Keeping retirement access plan participants connected and safe We want you to enjoy the ease and convenience of a digital world, and not have to worry about cyber security. 401(k) and pension plans. Total Retirement Center. Retirement Plans Government, education, healthcare, not-for-profit plans. Other than as specifically required by applicable law, forward-looking information as a result of new information, future events or otherwise will not be updated. 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. “With today’s announcement, Empower is taking the next step toward addressing the complex and evolving needs of millions of workers and retirees through the combination of expertise, talent and business scale being created,” said Edmund F. Murphy III, President and Chief Executive Officer of Empower Retirement. It may also … Source: MassMutual. Read more about the retirement resources and advice we offer. Plan sponsor & TPA account management - 401(k) defined contribution plans. The RetireSMART SM App is available for retirement plans with employee contributions (i.e. MassMutual. A wide range of group retirement products and services can help you maintain a long-term retirement strategy. 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. I consent to providing the above personal information to MassMutual, which MassMutual will use solely to verify my identity. Plan sponsor & advisor account management - government, education, healthcare, not-for-profit … Effective January 1, 2013, Massachusetts Mutual Life Insurance Company (MassMutual) acquired The Hartford's Retirement Plans Group. 401(k) and 403(b) plans). ©2020 Massachusetts Mutual Life Insurance Company (MassMutual®), Springfield, MA 01111-0001. 401(k) and pension plans. 1) As of June 30, 2020. Launch Site; FOR FINANCIAL PROFESSIONAL USE ONLY. MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. MassMutual.com ; Contact Us ©2020 Massachusetts Mutual Life Insurance Company (MassMutual… A wide range of group retirement products and services can help you maintain a long-term retirement strategy. “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. Empower and MassMutual intend to enter into a strategic partnership through which digital insurance products offered by Haven Life Insurance Agency, LLC3 and MassMutual’s voluntary insurance and lifetime income products will be made available to customers of Empower Retirement and Personal Capital. A wide range of group retirement products and services can help you maintain a long-term retirement strategy. Legal menu. Our Retirement Planning Calculator can help you find out if you’re saving enough, or if you need to … Make smart choices and save now to meet your retirement savings goals. Effective January 1, 2013, Massachusetts Mutual Life Insurance Company (MassMutual) acquired The Hartford's Retirement Plans Group. Annuities can offer you guaranteed income for the rest of your life. RetireSmart. About MassMutual 5) Retirement Resources, Inc. 2019. Interested in offering [email protected] Retirement Solutions? With new features, the RetireSmart app is … For more information, visit massmutual.com. 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. Our newsletter provides insights into current events, financial tactics and ways to save. Any New York business will be reinsured by Great-West Life & Annuity Insurance Company of New York. Life Event Calculators: How much life insurance do I need? ", 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. How to get, or keep, your retirement savings plan on track, How to survive retirement with your spouse, Tips to help maximize your retirement income, long term care & life insurance combination, What's behind MassMutual's financial strength, Product/Fund Performance & Regulatory Documents, Modal Charge Disclosure and APR Calculator. SPRINGFIELD -- MassMutual’s decision to sell its retirement plan business will impact 2,000 employees, most of them working at MassMutual’s offices in Enfield, Connecticut, the company said. Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel, and Lazard served as exclusive financial advisor to MassMutual. ©2020 Massachusetts Mutual Life Insurance Company (MassMutual®), Springfield, MA 01111-0001. Insurance, Annuities, and Investments. The combined firm will serve retirement plans sponsored by a broad spectrum of employers. 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. Participant. Through this transaction, business written by MassMutual will be reinsured by Great-West Life & Annuity Insurance Company. Annuities . Welcome to MassMutual. Don’t know how much to save for retirement? We’ll deliver the specialized coaching, customized education, and easy-to-use tools that your members need to build their retirement paycheck. If your employer offers MassMutual retirement plans or voluntary insurance products, make sure you’re aware of all that our workplace benefits provide. While logging in to your retirement access account, you will be guided through steps to establish a new, stronger and more secure username and … See how a disability could affect your finances. Get Retirement Ready; Enjoy Retirement; Financial Wellness; Calculate Most Popular; Getting Started; Life Events; Maximizing Your Plan; Retiring ; What's New? How … The IRS requires that you begin annual withdrawals at age 70½. Not available for employer-funded plans (i.e. Consider these and other factors, uncertainties and potential events carefully and do not place undue reliance on forward-looking information. Life Event Calculators. Policy/Account Number. Of the total $667B assets under administration, $16.8B represents the AUA of GWLANY. 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. Have another MassMutual account? GWLA assets total $47.7B and liabilities total $46.1B. Retirement Plans . I am an individual. All products and services 401(k) defined contribution plans. These statements are not guarantees of future performance, as actual results may differ depending on the development and completion of this business combination. Estimates vary as to how much in savings you should have to maintain your current standard of living in retirement. 2) Estimated joint assets under administration of Empower Retirement and MassMutual. Insurance products issued by Massachusetts Mutual Life Insurance Company (MassMutual) (Springfield, MA 01111-0001) and its subsidiaries, C.M. 9 Questions You Should Ask about Life Insurance, Product/Fund Performance & Regulatory Documents, Modal Charge Disclosure and APR Calculator. And, as you use our online services, at times you will be … In August, Empower announced it had completed the acquisition of Personal Capital, a registered investment adviser and wealth manager. Tagged As Retirement. Social Security & Your Retirement Learn More > COVID-19 Resource Center During trying times, we can all use some help. Login or enroll to your MassMutual Defined Contribution Workplace Retirement account. Fine-tune your education savings plan. The acquisition will be a benefit to retirement plan participants who will gain the outcome-oriented client focus and deep retirement expertise of both firms while benefiting from a state-of-the-art technology platform. Explore how you can make the most of your retirement plan contribution What is my Required Minimum Distribution (RMD)? MassMutual offers life insurance and protection products, retirement and investment services to help you meet your … If you are approaching retirement … double check. RS-48988-00. Learn More > Log-in > … Plan sponsor & TPA account management - 401(k) defined contribution plans. Government, education, healthcare, not-for-profit plans. Learn More > Log-in > Plan Sponsors and TPAs. Select another MassMutual website: RetireSmart. I am Representing a Trust or a Corporation. GREENWOOD VILLAGE, Colo. and SPRINGFIELD, Mass., Sept. 8, 2020 — Empower Retirement and Massachusetts Mutual Life Insurance Company (MassMutual) today announced that they have entered into a definitive agreement for Empower to acquire the MassMutual retirement plan business. For policy/account number, please do not include prefixes, suffixes, dashes, asterisks, commas, spaces or … Life Insurance Company and MML Bay State Life Insurance Company (Enfield, CT 06082). 3) Haven Life Insurance Agency, LLC is an affiliate of MassMutual. All MassMutual Accounts. A variety of retirement-planning products exist to provide the benefits that support your employees' commitment to your business. See what that may mean for you. Many people think that in preparing for retirement … Whether you’re just starting to save for retirement, or close to tapping into your nest egg, it’s important that you have the financial independence you want when you need it. 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. All rights reserved. We also offer individual retirement accounts, and Fortuna by MML Investors Services, a digital investment platform providing automated portfolio … “Together, Empower and MassMutual connect a broad spectrum of strength and experience with a shared focus on the customer. MassMutual gives you that same level of support as a retirement plan provider. Retirement Access 401(k) defined contribution plans. Call your financial professional, local MassMutual retirement specialist or our sales desk at 1-800-874-2502, or email [email protected] Determine the right amount of coverage. 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. 6) Pensions & Investments 2020 Defined Contribution Survey Ranking as of April 2020. Plus, you can feel confident knowing our Responsible Contractor Policy puts in writing our … Find. 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. The transaction will also bring MassMutual’s defined benefit business under the umbrella of plans Empower serves. Empower today administers $667 billion in assets on behalf of 9.7 million American workers and retirees through approximately 41,000 workplace savings plans.4 Empower provides retirement services, managed accounts, financial wellness and investment solutions to plans of all types and sizes, including private-label recordkeeping clients. For Institutions Insure Your Business College Savings Calculator . defined benefit plans). Eversheds Sutherland served as legal counsel, and Goldman Sachs and Rockefeller Capital Management served as financial advisors to Empower. Retirement. Learn More > Manage your account on the go! = opens in new window. Through MassMutual you can purchase many different annuity products including deferred fixed annuities, variable annuities, income annuities, and fixed index annuities. Financial professionals can access information on [email protected] Retirement Solutions at massmutualatwork.com. 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