For more information, visit, Empower Retirement adds PGA Tour Champion Brendon Todd to roster, Empower Retirement announces partnership with LPGA Tour champion Cheyenne Knight, Empower Retirement named among most community minded in Colorado. Privacy (Updated) Account Protection Policy (Updated) Legal/Terms of Use (Updated) Make smart choices and save now to meet your retirement savings goals. Learn More > 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. Through this transaction, business written by MassMutual will be reinsured by Great-West Life & Annuity Insurance Company. will serve retirement plans sponsored by a broad spectrum of employers. It i. s the nation’s second-largest retirement plan recordkeeper by total participants. 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. 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.. Many people think that in preparing for retirement they will never need care as they age. The combined firm will serve retirement plans sponsored by a broad spectrum of employers. The MassMutual retirement services business comprises 26,000 plans with approximately 2.5 million participants and US$167 billion in assets. A wide range of group retirement products and services can help you maintain a long-term retirement strategy. ... or guidance outside of their relationship with MassMutual, MML Investors Services, or their affiliated companies. Access your 401(k) and pension plans. 1 Welcome to MassMutual Effective January 1, 2013, Massachusetts Mutual Life Insurance Company (MassMutual) acquired The Hartford's Retirement Plans Group. All rights reserved. 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. Envisioning your retirement in three distinct stages, or "buckets," may help your planning. and MassMutual’s voluntary insurance and lifetime income products will be made available to customers of Empower Retirement and Personal Capital. 6 Pensions & Investments 2020 Defined Contribution Survey Ranking as of April 2020. 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,”. MassMutual’s retirement plan business is highly regarded in the retirement industry for its robust defined contribution, defined benefit and nonqualified plan offerings; deep commitment to participants, financial professionals and plan sponsors; and innovative solutions to achieve financial wellness. Any such offices are not subsidiaries or affiliates of MassMutual or … By Matthew DiGangi. Any such offices are not subsidiaries or affiliates of MassMutual or … 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. Supervisory Office: 3720 Davinci Court, Suite 150, Peachtree Corners GA 30092, Phone: 404-255-0118. Have another MassMutual account? Anyone who bid on Wells Fargo ’s sale of its retirement plan services business in 2019 is likely to be considering the MassMutual unit, the people familiar with the process said. 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. Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel, and Lazard served as exclusive financial advisor to MassMutual. The Hartford's Retirement Plans Group is now a part of MassMutual's Financial Group. Government, education, healthcare, not-for-profit plans, Log In Help for Personal Insurance, Annuities, & Investments. The 23-year-old from Aledo, Texas, will sport Empower’s logo during the 2021 & 2022 LPGA Tour seasons. In addition, Empower’s retail business provides a robust suite of products and services to individual retirement account and brokerage customers. During a transition period you will see branding of both The Hartford and MassMutual as well as legal notices of each company. Legal menu. , 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. Discover a variety of retirement plans and solutions for your employees at MassMutual. [] With strong margins and earnings profile, it includes diversified capabilities across all plan types with significant presence in the highly attractive small-medium corporate market segment. ... 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. Unless otherwise noted: Not a Deposit | Not FDIC Insured | Not Bank Guaranteed | Funds May Lose Value | Not Insured by Any Federal Government Agency. Read more about the retirement resources and advice we offer. Participant education and account access for Government and Not-for-Profit plans from MassMutual Retirement Services. MassMutual Retirement Services MassMutual. 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. Any such offices are not subsidiaries or affiliates of MassMutual or … RetireSmart. Phone: 208-364-0500. Empower Retirement to acquire retirement plan business of MassMutual. Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel, and Lazard served as exclusive financial advisor to MassMutual. Home | About MassMutual. and Rockefeller Capital Management served as financial advisors to Empower. Expand your business with personalized support from MassMutual Brokerage. 401(k) and pension plans. The doubling of the elderly population over the coming decades means a substantial increase in the number of people who will need long-term care. Our holistic portfolio includes a full range of retirement plan products and services. Insurance, Annuities, and Investments. Retirement Access. Retirement.massmutual.com : visit the most interesting Retirement Mass Mutual pages, well-liked by users from USA, or check the rest of retirement.massmutual.com data below. Concurrently, MassMutual will retrocede business it reinsures from a cedent, which MassMutual assumed in a previous transaction. A MassMutual roll-in specialist can help you determine if you’re eligible and walk you through the process step-by-step. MassMutual's nationwide network of Financial Professionals can help you learn more about insurance, investing and financial planning. All rights reserved. Carefully consider the investment option’s objectives, risks, fees and expenses. Securities offered and/or distributed by GWFS Equities, Inc., Member FINRA/SIPC. Read each carefully before investing. The deal includes 2,000 MassMutual … 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. In addition, Empower’s retail business provides a robust suite of products and services to individual retirement account and brokerage customers. These statements are not guarantees of future performance, as actual results may differ depending on the development and completion of this business combination. This location also geographically diversifies our business and meets the needs of west coast field partners and customers. The deal is expected to close in the fourth quarter of 2020. Schedule a consultation online, or call 1-888-526-6905. 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. As the need for care increases, so too does the cost of services. The MassMutual retirement services business will add 26,000 plans with approximately 2.5 million participants and US$167 billion in assets. Privacy | Terms of Use A wide range of group retirement products and services can help you maintain a long-term retirement strategy. Retirement Access 401(k) defined contribution plans. Any such offices are not subsidiaries or affiliates of MassMutual or its affiliated companies. Product/Fund Performance & Regulatory Documents, Modal Charge Disclosure and APR Calculator. A wide range of group retirement products and services can help you maintain a long-term retirement strategy. is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. The … ©2020 Massachusetts Mutual Life Insurance Company (MassMutual®), Springfield, MA 01111-0001. Manage your account on the go! Springfield, MA 01111. Develop a plan to help you meet your goals. All products and services The transaction will also bring MassMutual’s defined benefit business under the umbrella of plans Empower serves. ... MML Investors Services MML Investors Services Overview ... Retirement. = opens in new window. Contact Empower Retirement for a prospectus, summary prospectus for SEC registered products or disclosure document for unregistered products, if available, containing this information. Source: MassMutual. About MassMutual Retirement Services Founded in 1851, MassMutual is a mutually-owned financial protection, accumulation and income management company headquartered in … All features may not currently be available and are subject to change without notice. IMPORTANT: The projections, or other information generated on the website by the investment analysis tool regarding the likelihood of various investment outcomes, are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Securities, investment advisory and financial planning services offered through qualified registered representatives of MML Investors Services, LLC., Member SIPC. The MassMutual retirement plan business comprises 26,000 workplace savings plans through which approximately 2.5 million participants have saved $167 billion in assets. Empower Retirement, for a second year, has been recognized as one of the most community-minded companies in Colorado in the Civic 50. One of the most important aspects of retirement planning is preparing for the possibility of needing long term care (LTC) or extended care. 3 Haven Life Insurance Agency, LLC is an affiliate of MassMutual. Participants. Local firms are sales offices of Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001 and are not subsidiaries of MassMutual or its affiliated companies. During a transition period you will see branding of both The Hartford and MassMutual as well as legal notices of each company. Select another MassMutual website: RetireSmart. A wide range of group retirement products and services can help you maintain a long-term retirement strategy. Local support. 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. Read the press release here Access our next-gen practice management tools and resources At Mutual of America, we are committed to protecting your privacy and security. All Rights Reserved. ... or guidance outside of their relationship with MassMutual, MML Investors Services, or their affiliated companies. “Together, Empower and MassMutual connect a broad spectrum of strength and experience with a shared focus on the customer. ©2020 Great-West Life & Annuity Insurance Company. Retirement savings goals for your 50s. The MassMutual retirement services business will add 26,000 plans with approximately 2.5 million participants and US$167 billion in assets. Log-in > or Enroll Now > 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. 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. Empower and MassMutual intend to enter into a strategic partnership through which digital insurance products offered by Haven Life Insurance Agency, LLC3and MassMutual’s voluntary insurance and lifetime income products will be made available to customers of Empower Retirement and Personal Capital. 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. Brokerage Products (529 plans, Mutual Funds, Exchange-Traded Funds, Individual Retirement Accounts, Unit Investment Trusts) Log in 1-800-542-6767 ET. 1 As of June 30, 2020. MassMutual has entered into an agreement to sell its retirement plan business to Empower. 11001 N Retirement Plans Government, education, healthcare, not-for-profit plans. The results may vary with each use and over time. © 2020 Massachusetts Mutual Life Insurance Company (MassMutual®). Consider these and other factors, uncertainties and potential events carefully and do not place undue reliance on forward-looking information. MassMutual gives you that same level of support as a retirement plan provider. 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. Springfield, MA 01111-0001. Defined Benefit. 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. By submitting this request, I agree to receive e-mails and phone calls using automated technology from MassMutual, its financial professionals, affiliates or vendors on its behalf regarding MassMutual products and services, at the e-mail address and phone number(s) above, even if … The MassMutual retirement services business will add 26,000 plans with approximately 2.5 million participants and US$167 billion in assets. Is my Roth account included? About MassMutual MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. 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. MassMutual Dashboard. Market timing and excessive trading policies. Login to a variety of MassMutual's personal and business account portals to access up to date information on plan and investment performance. 401(k) defined contribution plans. 4 As of June 30, 2020. Telephone: 800-637-6444. Empower today administers $667 billion in assets on behalf of 9.7 million American workers and retirees through approximately 41,000 workplace savings plans. If you need assistance while logging into your online account, a Customer Service Representative will be happy to help you. Determine “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. RetireSmart. Misconceptions and long term care. The MassMutual retirement services business will add 26,000 plans with approximately 2.5 million participants and US$167 billion in assets. Blog Listing. 2 Estimated joint assets under administration of Empower Retirement and MassMutual. 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