Wells Fargo and MassMutual Retirement Services are teaming up to create a new pension service with online capabilities. The new pension program will include administration, actuarial, trustee and investment management services. It will also offer Internet-based communication and administration services. For example, participants will be able to calculate their projected retirement benefits online. The new service will be available to defined benefit plans with a minimum of $2 million in assets at the beginning of 1999.
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