Learn Get Started; Choose Investments; Improve Your Outcome; Get Retirement Ready; Enjoy Retirement; … 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. Learn More > Log-in > … We're here for you. MassMutual.com ; Contact Us ©2020 Massachusetts Mutual Life Insurance Company (MassMutual… 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. For policy/account number, please do not include prefixes, suffixes, dashes, asterisks, commas, spaces or … Welcome to MassMutual. 401(k) and pension plans. 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. RS-49356-00. MassMutual. Learn More > Manage your account on the go! While logging in to your retirement access account, you will be guided through steps to establish a new, stronger and more secure username and … Not available for employer-funded plans (i.e. 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. Concurrently, MassMutual … We also offer individual retirement accounts, and Fortuna by MML Investors Services, a digital investment platform providing automated portfolio … MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. We’ll deliver the specialized coaching, customized education, and easy-to-use tools that your members need to build their retirement paycheck. For more information, visit massmutual.com. Disability Insurance Calculator. 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. See what that may mean for you. If you … Policy/Account Number. A wide range of group retirement products and services can help you maintain a long-term retirement strategy. “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. Consider a few of the following retirement planning options. Retirement planning is a lifelong endeavor. How … Our newsletter provides insights into current events, financial tactics and ways to save. MassMutual annuities, IRAs, and insurance protection products may be able to help you retire comfortably. Of the total $667B assets under administration, $16.8B represents the AUA of GWLANY. Plan Access. 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 … These include mega, large, midsize and small corporate 401(k) plans; government plans ranging in scale from state-level plans to municipal agencies; not-for-profits such as hospital and religious organization 403(b) plans; and collectively bargained Taft-Hartley plans. And, as you use our online services, at times you will be on Hartford branded sites and at other times, you will be on MassMutual … defined benefit plans). Personal Capital, a subsidiary of Empower Retirement, is an industry-leading hybrid wealth manager that currently manages more than $13 billion in assets virtually delivered from offices across the U.S. For more information please visit empower-retirement.com and connect with us on Facebook, Twitter, LinkedIn and Instagram. Social Security & Your Retirement Learn More > COVID-19 Resource Center During trying times, we can all use some help. Effective January 1, 2013, Massachusetts Mutual Life Insurance Company (MassMutual) acquired The Hartford's Retirement Plans Group. 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 … Find. It may also … 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. Defined Contribution plans from MassMutual Retirement Services. Skip Navigation. 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. The Personal Capital platform offers personalized financial advice, financial planning and goal setting, providing insights and tools for plan participants and individual investors. Insurance, Annuities, and Investments. RS-48988-00. 6) Pensions & Investments 2020 Defined Contribution Survey Ranking as of April 2020. The combined firm will serve retirement plans sponsored by a broad spectrum of employers. Estimates vary as to how much in savings you should have to maintain your current standard of living in retirement. In addition, Empower’s retail business provides a robust suite of products and services to individual retirement account and brokerage customers. With new features, the RetireSmart app is … Many people think that in preparing for retirement … 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. I consent to providing the above personal information to MassMutual, which MassMutual will use solely to verify my identity. Interested in offering MassMutual@WORK Retirement Solutions? Government, education, healthcare, not-for-profit plans. ©2020 Massachusetts Mutual Life Insurance Company (MassMutual®), Springfield, MA 01111-0001. Login or enroll to your MassMutual Defined Contribution Workplace Retirement account. 401(k) defined contribution plans. Life Event Calculators: How much life insurance do I need? Our newsletter provides insights into current events, financial tactics and ways to save. College Savings Calculator . Retirement Plans . All rights reserved. In August, Empower announced it had completed the acquisition of Personal Capital, a registered investment adviser and wealth manager. 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. 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 … Learn More > Log-in > Plan Sponsors and TPAs. Retirement Plans. Effective January 1, 2013, Massachusetts Mutual Life Insurance Company (MassMutual) acquired The Hartford's Retirement Plans Group. The transaction will also bring MassMutual’s defined benefit business under the umbrella of plans Empower serves. GWLANY assets total $1.59B and liabilities total $1.48B. Annuities . Read more about the retirement resources and advice we offer. How much life insurance do I need? 1 It also includes approximately 2,000 employees affiliated with MassMutual’s retirement plan business who provide a full range of … All rights reserved. A variety of retirement-planning products exist to provide the benefits that support your employees' commitment to your business. Determine the right amount of coverage. Financial professionals can access information on MassMutual@WORK Retirement Solutions at massmutualatwork.com. About MassMutual These statements are not guarantees of future performance, as actual results may differ depending on the development and completion of this business combination. The MassMutual retirement plan business comprises 26,000 workplace savings plans through which approximately 2.5 million participants have saved $167 billion in assets. Concurrently, MassMutual will retrocede business it reinsures from a cedent, which MassMutual assumed in a previous transaction. If you are approaching retirement … double check. MassMutual’s Blog can provide you with information to assist you in meeting your financial goals. Don’t know how much to save for retirement? MassMutual Dashboard. 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. Source: MassMutual. “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. 4) As of June 30, 2020. Participant. 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 … Annuities can offer you guaranteed income for the rest of your life. Determine the right amount of coverage. All MassMutual Accounts. Through this transaction, business written by MassMutual will be reinsured by Great-West Life & Annuity Insurance Company. Any New York business will be reinsured by Great-West Life & Annuity Insurance Company of New York. 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. “Together, Empower and MassMutual connect a broad spectrum of strength and experience with a shared focus on the customer. ©2020 Massachusetts Mutual Life Insurance Company (MassMutual®), Springfield, MA 01111-0001. Plan sponsor & TPA account management - 401(k) defined contribution plans. Plan sponsor & TPA account management - 401(k) defined contribution plans. Forward-looking Statements Disclaimer RetireSmart. Establishing individual retirement arrangements funded by annuities is easy for small business owners. 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. 9 Questions You Should Ask about Life Insurance, Product/Fund Performance & Regulatory Documents, Modal Charge Disclosure and APR Calculator. The RetireSMART SM App is available for retirement plans with employee contributions (i.e. Through this transaction, business written by MassMutual will be reinsured by Great-West Life & Annuity Insurance Company. The IRS requires that you begin annual withdrawals at age 70½. We also offer individual retirement accounts, and Fortuna by MML Investors Services, a digital investment platform providing automated portfolio management. A wide range of group retirement products and services can help you maintain a long-term retirement strategy. 401(k) and pension plans. Through MassMutual you can purchase many different annuity products including deferred fixed annuities, variable annuities, income annuities, and fixed index annuities. Have another MassMutual account? Close. 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. 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. 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 … Eversheds Sutherland served as legal counsel, and Goldman Sachs and Rockefeller Capital Management served as financial advisors to Empower. About Empower Retirement If your employer offers MassMutual retirement plans or voluntary insurance products, make sure you’re aware of all that our workplace benefits provide. Blog Listing. Government, education, healthcare, not-for-profit plans. ", 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. 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. I am Representing a Trust or a Corporation. MassMutual gives you that same level of support as a retirement plan provider. Fine-tune your education savings plan. Misconceptions and long term care. MassMutual offers life insurance and protection products, retirement and investment services to help you meet your … 2) Estimated joint assets under administration of Empower Retirement and MassMutual. 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. MassMutual provides retirement planning information that can help answer your questions. Life Event Calculators. 1) As of June 30, 2020. 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. The acquisition will capitalize on both firms’ expertise, provide technological excellence and deep product capabilities, and create scale to the benefit of retirement plan participants and their employers. Stay up to date with the latest news and stories. Call 1-800-854-0647 with your questions, or for assistance. Total Retirement Center. 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. A wide range of group retirement products and services can help you maintain a long-term retirement strategy. Explore how you can make the most of your retirement plan contribution. They typically range from six to nine times your annual income and can be affected by a number of factors, like geography and market conditions. 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. Plus, you can feel confident knowing our Responsible Contractor Policy puts in writing our … 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. Retirement Access. MassMutual offers a wide range of financial products and services, including life insurance, disability income insurance, long-term care insurance, annuities, retirement plans and other employee benefits. Life Insurance Company and MML Bay State Life Insurance Company (Enfield, CT 06082). I am an individual. Making it easy for you to administer your retirement plan. If you’re interested in coverage that provides guaranteed death benefits, you should consider whole life insurance. See how a disability could affect your finances. Your MassMutual Retirement Specialist is also available to discuss the options available within your retirement account. Get Retirement Ready; Enjoy Retirement; Financial Wellness; Calculate Most Popular; Getting Started; Life Events; Maximizing Your Plan; Retiring ; What's New? A wide range of group retirement products and services can help you maintain a long-term retirement strategy. Tagged As Retirement. For Institutions Insure Your Business Insurance products issued by Massachusetts Mutual Life Insurance Company (MassMutual) (Springfield, MA 01111-0001) and its subsidiaries, C.M. … All products and services Privacy (Updated) Account Protection Policy (Updated) Legal/Terms of Use (Updated) Legal menu. Locate tools, calculators and articles to help you meet financial goals. Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel, and Lazard served as exclusive financial advisor to MassMutual. And, as you use our online services, at times you will be … 3) Haven Life Insurance Agency, LLC is an affiliate of MassMutual. AUA is a non-GAAP measure and does not reflect the financial stability or strength of a company. 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. 401(k) and 403(b) plans). Plan sponsor & advisor account management - government, education, healthcare, not-for-profit … Make smart choices and save now to meet your retirement savings goals. = opens in new window. Consider these and other factors, uncertainties and potential events carefully and do not place undue reliance on forward-looking information. Through MassMutual you can purchase many different annuity products including deferred fixed annuities, variable annuities, income annuities, and fixed index annuities. Call your financial professional, local MassMutual retirement specialist or our sales desk at 1-800-874-2502, or email mmwork@massmutual.com. The MassMutual retirement plan business comprises 26,000 workplace savings plans through which approximately 2.5 million participants have saved $167 billion in assets. Retirement. Our Retirement Planning Calculator can help you find out if you’re saving enough, or if you need to … 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. Certain statements in this press release constitute forward-looking statements, representing management’s current view of future events based on reasonable assumptions. Retirement Plans Government, education, healthcare, not-for-profit plans. GWLA assets total $47.7B and liabilities total $46.1B. 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. 5) Retirement Resources, Inc. 2019. 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. Explore how you can make the most of your retirement plan contribution What is my Required Minimum Distribution (RMD)? Launch Site; FOR FINANCIAL PROFESSIONAL USE ONLY. During a transition period you will see branding of both The Hartford and MassMutual as well as legal notices of each company. To protect your assets from being used to cover long-term care expenses, long term care insurance or a long term care & life insurance combination may be for you. 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