Products November 29, 2010

MassMutual Improves Plan Document Management

MassMutual's Retirement Services Division announced improvements to its system for third-party administrators (TPAs) that automates and simplifies plan document processing.
Reported by

According to a press release, benefits of the new system include:  

  • Quick and convenient plan amendment processing; 
  • Ability to create customized templates and designs at the TPA level so that many provisions can be pre-populated; 
  • Tracking, monitoring and review of plan documents and amendment histories; 
  • Batch processing of regulatory amendments and required participant notices; 
  • Easy conversion from DC prototype to volume-submitter documents and vice versa; 
  • Software upgrades coordinated by MassMutual independently from a TPA’s system; and 
  • Technical support by MassMutual’s ERISA Advisory Services Team. 

The service is available to all TPAs regardless of whether they have retirement plans on MassMutual’s platform.

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

«