MassMutual's Retirement Services Division and its clients came out as the biggest winners during the Plan Sponsor Council of America's Signature Awards, handed out Wednesday at the PSCA's annual conference.
MassMutual and its clients earned 11 awards for sponsor and participant communications in various corporate, union and nonprofit DC plans, as well as for participant and plan sponsor tools and communication programs - including the RetireSmart national campaign and an associated online game.
"The Signature Awards represent the 'best of the best' in defined contribution plan communication and education," said David Wray, president of the PSCA. "MassMutual's outstanding showing this year demonstrates true commitment to helping every American understand the importance of planning and saving for retirement. These retirement plan sponsors, together with providers like MassMutual, are best-practice examples of how an effective education strategy can really make a difference when implemented effectively."
"Earning this recognition from the PSCA is so exciting," said Joe Torraco, vice president, compensation, benefits and HRIS with The GEO Group, Inc. "We are a firm believer in investment diversification. Partnering with MassMutual to get the message out is one of many steps we are taking to help our employees."
"As the Retirement Leader of the Year, MassMutual is proud of our success in delivering communications and educational programs that help retirement plan sponsors, their advisors, and plan participants work together toward a common goal," said Elaine Sarsynski, executive vice president of MassMutual's Retirement Services Division and chairman and CEO of MassMutual International LLC.
"Effective communication and education lead to a healthy retirement plan and, ultimately, plan participants who have the tools to achieve a comfortable level of income in retirement. These awards are a testament to MassMutual's innovative approach to meeting this goal."
The winning campaigns included:
Gold (Category: Language and Cultural Diversity) MassMutual/The Board of Trustees of the Elevator Constructors Annuity and 401(k) Retirement Plan
Gold (Category: Language and Cultural Diversity) MassMutual/Consolidated Citrus Limited Partnership
Gold (Category: On-Site Events and Workshops) MassMutual/Baystate Health, Inc.
Silver (Category: Asset Allocation) MassMutual/The Board of Trustees of the IATSE Annuity Fund
Bronze (Category: Retirement Readiness: Planning for Retirement for all Participants) MassMutual/Structural Iron Workers Local #1
Bronze (Category: Asset Allocation) MassMutual/The GEO Group, Inc.
Honorable Mention (Category: Asset Allocation) MassMutual/Upsher-Smith Laboratories, Inc.
Gold (Category: New Media) for MassMutual's 'Your Future Moves' RetireSmart Game
Silver (Category: Fiduciary and Plan Design Resources) for MassMutual's PlanSmart Analysis report
Bronze (Category: Education Programs) for MassMutual's Form 5500 E-File Educational Program
Bronze (Category: Singular Campaign) for MassMutual's RetireSmart National Campaign