Free Investment Advice

MassMutual’s Retirement Services Division has been selected by the Thames Valley Council for Community Action, Inc. (TVCCA) as the new provider for the organization’s $5.2 million 401(a) and $4.4 million 403(b) retirement plans.

TVCCA, based in southeastern Connecticut, is a private, nonprofit corporation that has been providing social services to economically and otherwise disadvantaged citizens in New London County for over 45 years. The TVCCA’s 28 programs currently reach approximately 24,000 eligible recipients annually. TVCCA is widely recognized as a community leader in advocating for and meeting the needs of the region’s poor.
“MassMutual’s long history of financial strength and stability, along with their comprehensive education program that complements the work of the local advisor, were key factors in their selection as our new retirement plan provider,” says Deborah Monahan, executive director, TVCCA. “MassMutual and Smith Brothers have delivered a very good plan transition experience for TVCCA and we look forward to working with them to help our valued employees plan and save for retirement,” adds Janine Dunn, head of human resources for TVCCA.
“After a thorough bid process, Smith Brothers Insurance was selected as TVCCA’s plan adviser,” says Patrick Morrissey AIF®, retirement plan consultant, Smith Brothers Insurance, Glastonbury, Conn. “Matthew Cowles and I have more than 18 years of combined experience in helping not-for-profit clients face the same challenges that organizations like TVCCA face today. We have a dual focus process to assist both the plan sponsor (TVCCA) and its employees in meeting their retirement plan goals. We are pleased to have the opportunity to deliver investment oversight and reporting tools to help TVCCA fulfill their fiduciary obligations, while helping to educate TVCCA employees about important retirement issues through group and one-on-one meetings,” adds Morrissey.
“MassMutual is pleased to welcome TVCCA as a valued new retirement services client,” says M. Palmer Whitney, national managing director for MassMutual’s nonprofit market. “We look forward to helping this important organization streamline their retirement plan administration while adding value to every participating employee’s experience as they save for retirement.”

Source SOURCE MassMutual’s Retirement Services Division