Defined contribution plan Labor Unions 401(k) Plan, San Diego, has selected MassMutual’s Retirement Services Division as bundled service provider. The mutual life insurance company’s unit will provide services to the $23 million Taft-Hartley plan.
The plan has more than $23 million in assets under management and serves more than 3,500 union members employed in the hotel, food service, gaming, textile, laundry, manufacturing and distribution industries. MassMutual’s Retirement Services Division offers a full range of products and services for corporate, union, nonprofit and governmental employers’ defined benefit, defined contribution and non-qualified deferred compensation plans.
Click here for the release from PR Newswire.