MassMutual said that United Association Local No. 614 Pension Fund has selected its Retirement Services Division as the new provider for its Taft-Hartley retirement plan. The plan has more than $51m in assets under management and approximately 2,000 members.
The UA Local No. 614, based in Memphis, Tennessee, represents steamfitters, pipefitters and HVAC trade professionals in Tennessee, northern Mississippi and eastern Arkansas.
Robert Sproles, Jr., business manager of United Association Local No. 614, said: “MassMutual has made the transition to our new daily valued plan smoothly and professionally. The trustees and participants are excited about the online services and training now available through MassMutual’s participant website.
“MassMutual’s experience with Taft-Hartley multi-employer plans has contributed to a most effortless transition, and I strongly recommend that plan trustees who oversee an annually valued, trustee-directed defined contribution plan follow the lead of UA Local 614.”
Scott Buffington, national sales manager for Taft-Hartley market segment at MassMutual, said: MassMutual is so pleased to welcome UA Local No. 614 as a valued new Taft-Hartley retirement services client, and we look forward to providing the resources to help its hard-working members plan and save for retirement. We are committed to delivering value and service excellence to the trustees and members of UA Local 614.
MassMutual has been serving the Taft-Hartley retirement plan market for more than 30 years.