MassMutual and Envestnet Retirement Solutions, LLC (ERS) have teamed up to provide managed accounts that allow participants in 401(k)s and similar retirement savings plans to access personalized, actively managed investment strategies within their plans.

With RetireSmart Ready Managed Path managed accounts, the participant’s retirement account is actively managed by ERS on an ongoing basis to make sure investments remain appropriate for the participant’s objectives.

The managed accounts, which are available to retirement plans with $5 million or more in retirement assets under management, are designed to help participants who need investment guidance but may not want to actively manage their retirement investments on their own.