SPRINGFIELD, Mass., May 20 /PRNewswire/ -- MassMutual's Retirement Services Division hosted its 2008 TPA Conference at the PGA National Resort and Spa in Palm Beach Gardens, Fla., May 14 - 16. The theme of the conference, "Taking Your Practice to the Next Level with MassMutual," captures MassMutual's commitment to its select network of Third Party Administrators, and the significant investment the company is making in the TPA market.
Elaine Sarsynski, executive vice president of MassMutual's Retirement Services Division and chairman, president and CEO of MassMutual International LLC, delivered the keynote address and strategic outlook. "The 401(k) market opportunity for TPAs has more than doubled in the past 15 years, which is a testament to the value TPAs bring to their clients. MassMutual also recognizes this value and we are investing additional resources to help TPAs capitalize on the growth opportunity," said Sarsynski.
Hugh O'Toole, senior vice president of national sales and distribution, reiterated MassMutual's support of the TPA channel. "Our recordkeeping platform and proven service model enable MassMutual to deliver outstanding value to all areas of our business, whether through TPAs, our career agents, or our valued third-party distribution channels," states O'Toole. "Each of these channels brings unique value to the plan sponsor and the participant, and we are proud of the ways we are helping to contribute to their success."
Paul Steven Henry, vice president of product development, announced MassMutual's planned third quarter introduction of a new registered product created to help TPAs grow their business and take advantage of new opportunities in the nonprofit market.
Guest speakers at MassMutual's TPA Conference included Fred Barstein, president of 401kExchange, who discussed the importance of the advisor relationship in helping TPAs grow their business, and Joshua Dietch, managing director for Chatham Partners, who discussed trends in the 401(k) industry.
For more information about MassMutual's TPA Alliance, please contact your advisor or call MassMutual at 1-866-444-2601