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MassMutual Pension Unit's Sales Increase

By Matt Ackermann, American Banker
November 19, 2009
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M. Palmer Whitney, a national managing director for MassMutual's nonprofit market, said on Tuesday that the unit recently completed consolidating $100 million of retirement plan assets from 403(b), 401(a), 457(b) and 457(f) retirement plans for a health-care organization with more than 3,200 employees

MassMutual's retirement services division has been selling retirement plans for more than 60 years.

It offers a range of products and services for corporate, union, nonprofit and governmental agencies' defined benefit, defined contribution and nonqualified deferred compensation plans. It serves about 1 million participants.

MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Co. of Springfield.

 

For more stories like this, go to American Banker.