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MassMutual Financial

Headquarters: 1295 State Street
Springfield, MA 01111
Employees: 10,000
CEO: Roger Crandall
Mutually held company

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MassMutual Financial Group - comprised of member companies with over $448 billion in assets under management at the end of 2010 - is a global, growth-oriented, diversified financial services organization providing life insurance, annuities, disability income insurance, long-term care insurance, retirement planning products, structured settlement annuities, trust services, money management, and other financial products and services.

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, MA 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, Inc.; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.

MassMutual has been in business since 1851 and has over 1,800 offices and 11 million clients worldwide.

In 2010, MassMutual had net income of $594 million. Revenue was $17.0 billion for the year, down 7%. The company paid out $1.2 billion in dividends to policyholders.

“Against the background of a slow and uncertain economic recovery, MassMutual produced excellent results last year, including records in some key areas,” said Roger Crandall, Chairman, President and CEO, MassMutual. “Our ability to focus on long-term financial strength rather than short-term market pressures enabled us to again deliver profitable sales of our core products, continue to build our capital and surplus, and offer quality financial solutions through one of the best career agency systems in the industry.”


MassMutual offers competitive benefits to all eligible employees, many of which are effective immediately upon employment. Flexible work hours and 10 paid holidays, plus a total of 19 vacation and personal days per year allow employees to balance their work life with personal life.

Pension Plan

A cash balance plan provides a portable pension benefit based on age, length of service and eligible pay. Employees become fully vested after completing three years of service.

401(k) Plan

The Company matches 100% of the first 5% of eligible pay an employee contributes per pay period. Employees may contribute to before-tax, after-tax and Roth 401(k) accounts – and may be able to roll in money from previous employers’ plans. Employees are eligible upon hire and become vested over a three-year period.

Additional benefits

- Life, health, dental, disability and vision coverage
- Flex time and flexible work arrangements
- Savings and retirement plans
- Performance bonus program
- Child care
- Corporate training and development programs
- On-site wellness center
- Dry cleaning
- Film processing
- Library
- MassMutual Learning and Conference Center
- Wellness programs

Updated May 15, 2011


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