MassMutual Retirement Services Rocks New Nonprofit Client
Rock and Roll Hall of Fame and Museum Selects MassMutual as New Recordkeeper for its 403(b) Retirement Plan
SPRINGFIELD, Mass., May 30, 2012 /PRNewswire/ -- MassMutual's Retirement Services Division has been selected by the Rock and Roll Hall of Fame and Museum as the new recordkeeper for the company's 403(b) retirement plan. Total assets added to MassMutual's platform from the company's retirement plan total $4.5 million.
Located in Cleveland, Ohio, the Rock and Roll Hall of Fame and Museum is a nonprofit organization that educates visitors, fans and scholars from around the world about the history and continuing significance of rock and roll music. Its world-class museum collects, preserves, exhibits and interprets this art form and has become the preeminent home for the celebration and study of rock and roll.
"MassMutual's full automation capabilities and employee education programs were among the top reasons for our selection," says Brian Kenyon, executive vice president and chief financial officer for the Rock and Roll Hall of Fame and Museum. "The transition was seamless and we look forward to utilizing MassMutual's wide array of retirement planning and plan health tools to increase the value of our retirement plan to our employees," adds Kenyon.
"MassMutual Retirement Services was a perfect match to the needs of the Rock and Roll Hall of Fame and Museum's 403(b) plan and its approximately 100 employees," says David Doll, senior vice president of UBS Financial Services, Inc., who assisted with the search. "With the help of MassMutual, the Rock and Roll Hall of Fame and Museum is able to manage its retirement plan more holistically and efficiently, and further engage its employees through MassMutual's award-winning participant retirement readiness solutions," adds Doll.
"MassMutual is pleased to welcome the Rock and Roll Hall of Fame and Museum as a valued new retirement services client," says Elaine Sarsynski, executive vice president, MassMutual's Retirement Services Division and chairman and CEO of MassMutual International LLC. "We are proud to offer an outstanding participant experience to plans of all sizes, and look forward to helping the Rock and Roll Hall of Fame and Museum simplify their overall retirement plan administration while helping each employee more effectively plan and save for retirement," adds Sarsynski.
For more information about MassMutual Retirement Services, please contact your retirement plan advisor or call MassMutual at 1-866-444-2601.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC, Member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders every year since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long-term.
MassMutual's Retirement Services Division has been serving retirement plans for 65 years. It offers a full range of products and services for corporate, union, nonprofit and governmental employers' defined benefit, defined contribution and nonqualified deferred compensation plans. It serves approximately 1.6 million participants.
For more information, visit www.massmutual.com or find MassMutual on Facebook, Twitter, LinkedIn, YouTube and Google+. For information regarding MassMutual's Retirement Services Division, you may also visit massmutual.com/retire or find us on Facebook.com/retiresmart and YouTube.com/retiresmart.
About the Rock and Roll Hall of Fame
The Rock and Roll Hall of Fame and Museum, Inc. is the nonprofit organization that exists to educate visitors, fans and scholars from around the world about the history and continuing significance of rock and roll music. It carries out this mission through its operation of a world-class museum that collects, preserves, exhibits and interprets this art form and through its library and archives as well as its educational programs. For more information, visit www.rockhall.com.
Copyright ©2012 Massachusetts Mutual Life Insurance Company (MassMutual) and affiliates, Springfield, MA 01111-0001. All rights reserved.
Contact: Jessica Barry
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