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Teamsters Pick MassMutual To Run 401(k) Plan

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NU Online News Service, Sept. 3, 2003, 5:04 p.m. EDT – The International Brotherhood of Teamsters, Washington, has picked Massachusetts Mutual Life Insurance Company, Springfield, Mass., to run its voluntary 401(k) plan, which is open to Teamsters throughout the United States and manages about $200 million in assets.

Investment Consulting Services L.L.C., Chicago, helped MassMutual choose the plan’s 11 investment options.

Carday Associates Inc., Beltsville, Md., will help MassMutual administer the plan, and MassMutual will offer plan members Morningstar ClearFuture participant advisory services from Morningstar Inc., Chicago.