Together, Empower and MassMutual connect a broad spectrum of strength and experience with a shared focus on the customer. 5) Retirement Resources, Inc. 2019. It's behind everything we do and every decision we make. Concurrently, MassMutual will retrocede business it reinsures from a cedent, which MassMutual assumed in a previous transaction. For more information, visit massmutual.com. when did empower take over massmutual? MassMutual offers a wide range of financial products and services, including life insurance, disability income insurance, long-term care insurance, annuities, retirement plans and other employee benefits. Empower Retirement and Massachusetts Mutual Life Insurance Co. (MassMutual) have entered into a definitive agreement for Empower to acquire the MassMutual retirement plan business. The acquisition will be a benefit to retirement plan participants who will gain the outcome-oriented client focus and deep retirement expertise of both firms while benefiting from a state-of-the-art technology platform. Cookie Settings/Do Not Sell My Personal Information. Empower acquires J.P. Morgan Retirement Plan Services large-market recordkeeping firm. 6) Pensions & Investments 2020 Defined Contribution Survey Ranking as of April 2020. Other than as specifically required by applicable law, forward-looking information as a result of new information, future events or otherwise will not be updated. Headquartered in metro Denver, Empower Retirement administers $667 billion in assets for more than 9.7 million retirement plan participants as of June 30, 2020. Information refers to all retirement business of Empower Annuity Insurance Company of America (EAIC) What should RPAs do to prepare? Today, advisers still want to know which record keeper will be the next to sell. Effective January 1, 2013, Massachusetts Mutual Life Insurance Company (MassMutual) acquired The Hartford's Retirement Plans Group. Empower in $3.4 billion deal to acquire MassMutual's retirement mayor's heights, rochester, ny crime . About MassMutual Today, as the second-largest retirement plan provider1 in the nation and a comprehensive wealth management leader, we proudly serve more than 17 million individuals and over 69,000 different organizations.2. MassMutual files quarterly financial reports with insurance regulators, and it posts those reports on its website. In Empower, we are pleased to have found a strong, long-term home for MassMutuals retirement plan business, and believe this transaction will greatly benefit our policy owners and customers as we invest in our future growth and accelerate progress on our strategy, said Roger Crandall, MassMutual Chairman, President and CEO.
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