MECHANICSBURG, Penn. – Members 1st FCU has decided to consolidate the administration of its defined benefit, 401(k) and 457 retirement plans with a single provider, MassMutual.
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The $3-billion credit union selected MassMutual’s Retirement Services Division as the new provider for its defined benefit and defined contribution plans, which claims total combined assets of nearly $30 million.
The provider search included top providers of Total Retirement outsourcing and also included credit union niche players, the credit union said.
