Coupled with other benefits such as life insurance, disability income insurance, annuities and long term care insurance, you can offer your employees a benefit package that includes a retirement plan. Offering retirement benefits and helping your employees save for retirement can be a great way to show how much you value them.
Related Information
What is it?
MassMutual offers a comprehensive suite of services to company-sponsored
retirement plans. Companies typically work with financial professionals to
choose the plan that best fits the needs of the company, as well as the
employees.
How is it used?
Company-sponsored retirement plans are typically offered by employers to
employees as a key component of benefits packages.
What are the benefits?
Besides showing your employees that they are appreciated, there are tax
benefits for both the employer and employee for offering a retirement plan as
part of your employee benefits package.
What are the different types of retirement plans that can help you
provide valuable benefits to your employees?
Most common of which are 401(k) plans, defined contribution plans are
company-sponsored, tax-deferred retirement savings plans.
Commonly known as pension plans, defined benefit plans provide employees with
a fixed benefit upon retirement that is typically dependent on salary, length of
employment and age at retirement.
Non-profit plans are integrated tax-deferred retirement plans specifically
for non-profit organizations.
Non-qualified deferred compensation plans are for companies with highly
compensated employees whose ability to maximize plan contributions may be
limited by the qualified plan.
Taft-Hartley retirement plans are exclusively for labor unions to provide
defined contribution and defined benefit plans to their members.
Third Party Administrators
Third Party Administrators typically located near plan sponsors often work
with us, serving as a local resource to handle many day-to-day plan
administration functions.
Prefer to speak to someone about retirement plans?
TALK TO A FINANCIAL PROFESSIONAL
Insurance products issued by Massachusetts Mutual Life Insurance Company
(MassMutual), 1295 State Street, Springfield, MA 01111-0001.
Securities offered through MML Investors Services, Inc., 1295 State Street,
Springfield, MA 01111-0001, (800) 542-6767. Member FINRA (www.finra.org) and SiPC (www.sipc.org) .
RS-14630-00
CRN201207-134731