MassMutual Retirement Services has been selected by Blue Bird Corporation as the new full-service provider for the company's $90 million defined benefit plan as well as its $65 million 401k plan.
Blue Bird is a bus manufacturer, delivering school buses, commercial buses and recreational vehicles to the market.
Travis Kelly, Blue Bird’s vice president of finance, said: We were looking to consolidate our defined benefit (DB) and defined contribution (DC) plans under one full-service provider. We also wanted to reduce our expenses and enhance our investment options.
MassMutual demonstrated that they had all the capabilities we needed to more cost-effectively manage both plans while still providing outstanding service and participant education.