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MassMutual Chosen as Full-Service Provider for LAMMICO's $10+ Million Retirement Plan

Posted on: Thursday, 7 May 2009, 10:49 CDT

SPRINGFIELD, Mass., May 7 /PRNewswire/ -- MassMutual's Retirement Services Division has been selected by Louisiana Medical Mutual Insurance Company (LAMMICO) as the new full-service provider for its 401(k) and profit-sharing retirement plan. LAMMICO's retirement plan serves approximately 120 employees and has more than $10 million in plan assets.

Based in Metairie, La., LAMMICO is Louisiana's largest medical malpractice insurer and is dedicated to developing and delivering insurance products and services to Louisiana physicians and other healthcare providers. "LAMMICO seeks to provide a climate for employees that promotes the development of creative customer solutions while maintaining the highest standards of ethics and social responsibility. This philosophy extends to our retirement benefit as well, and MassMutual offered a retirement plan solution that meets the needs of our company and our employees," says Susan Senn, benefits & recruiting specialist for LAMMICO.

"We are so pleased to welcome LAMMICO to the MassMutual family of valued customers," says Elaine Sarsynski, executive vice president of MassMutual's Retirement Services Division and chairman and CEO of MassMutual International LLC. "We look forward to providing customer service excellence and results-oriented employee education to help LAMMICO and its employees achieve their retirement goals."

For more information about MassMutual's retirement services, please call your retirement plan advisor or contact MassMutual at (888) 626-4911, www.massmutual.com/retire.

About MassMutual

MassMutual's Retirement Services Division has been serving retirement plans for more than 60 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 one million participants.

MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual and its subsidiaries had more than $360 billion in assets under management at year-end 2008. Assets under management include assets and certain external investment funds managed by MassMutual's subsidiaries.

Founded in 1851, MassMutual is a mutually owned financial protection, accumulation and income management company headquartered in Springfield, Mass. MassMutual's major affiliates include: OppenheimerFunds, Inc.; Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MML Investors Services, Inc., member FINRA and SIPC (www.finra.org and www.sipc.org); MassMutual International LLC and The MassMutual Trust Company, FSB. MassMutual is on the Internet at www.massmutual.com.

Copyright (C) 2009 Massachusetts Mutual Life Insurance Company (MassMutual) and affiliates, Springfield, MA 01111-0001.

All rights reserved.

Contact: Lisa Reilly (413) 744-0589 lreilly@massmutual.com

SOURCE MassMutual's Retirement Services Division

Source: PR Newswire

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