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May 27, 2014

MassMutual is Found to be a Fiduciary in ERISA Suit by Proposed Class of Client Plans – Fiduciary Matters Blog

by The 401k Study Group ®

See on Scoop.itThe 401k Study Group ®

On May 20, 2014, in a long running lawsuit brought by a proposed class of client defined contribution plans, MassMutual Life Insurance Company has been found to be a functional fiduciary under ERISA § 3(21)(i) and (iii) when it determines its own compensation for services provided in the MassMutual Separate Investment Accounts (“SIAs”) it offers through Group Annuity Contracts …

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