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MassMutual Goes After Small Plans

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Massachusetts Mutual Life Insurance Company has unveiled a campaign to reach out to defined contribution retirement plans with $1 million to $5 million in assets.

The new MassMutual Plan Smart program will include investments from the MassMutual Premier and Select fund menus as well as a selection of retail and target maturity funds, according to MassMutual, Springfield, Mass.

The program also will include automatic enrollment, automatic deferral increase and automatic asset allocation features based on the new Pension Protection Act safe harbor rules, MassMutual says.