New app allows consumers 24/7 access to their retirement savings accounts;
Part of a broader, multi-app mobile technology strategy
May 15, 2015 —ENFIELD, Conn. – Retirement savers can now tap into their MassMutual RetireSmartSM account information any time day or night by pressing the new MassMutual RetireSmart mobile app on their Apple® and AndroidTM smartphones.
The free app is now available in the Apple App StoreSM and Google PlayTM app store to participants in a 401(k) or other defined contribution retirement plan who already access their account through MassMutual’s RetireSmart.com web site.
The app can be downloaded by searching “RetireSmart” or “MassMutual” in the Apple or Google stores. “Our customers expect instant access to information through their mobile devices and that includes access to their retirement account information,” said Heather Smiley, Chief Marketing Officer for Retirement Services and Worksite Insurance.
“The launch of the RetireSmart app means our customers and agents now have anytime, anywhere access to important plan information to help them make smart decisions about retirement savings.” The new app is part of a broader, multi-app mobile technology strategy. MassMutual will introduce additional apps during the course of the year to meet a wide range of goals, including continual improvement, ease of doing business, retirement education and motivating retirement plan savers to become more retirement ready.
The latest app offers secure, 24/7 mobile access to retirement savings account information, including:
- Total account balance
- Balances by source and investment
- Vested balance by source
- Last contribution amount
- Asset allocation by investment
- Personal rate of return
Smiley pointed out that the new app is the first available download from a more robust mobile technology strategy. MassMutual plans to enhance the RetireSmart app experience later in 2015 and beyond to keep pace with participant needs and demands for instant information, she said.
“Our goal is to introduce new features and functionality that exceed customer expectations and help differentiate MassMutual in the marketplace,” she said. “We see the app as another important tool for our customers to manage their financial lives and ultimately retire on their own terms.”
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyowners consistently since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company’s strong and growing network of financial professionals helps clients make good financial decisions for the long-term.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC, Member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB. For more information, visit www.massmutual.com or find MassMutual on Facebook, Twitter, LinkedIn, YouTube, Google+ and Pinterest. For information regarding MassMutual’s Retirement Services Division, you may also visit massmutual.com/retire or find us on Facebook.com/RetireSmart and YouTube.com/RetireSmart.