SPRINGFIELD, Mass. — MassMutual Retirement Services will bundle funds managed by its OppenheimerFunds subsidiary into a new large-plan institutional retirement offering.

The new product will be available for defined contribution, defined benefit, and nonqualified deferred compensation plans. The start-up was announced last week.

OppenheimerFunds’ retirement plans division has more than $30 billion of assets under management in more than two million shareholder accounts. The parent, MassMutual Financial Group, has more than $200 billion of assets under management.

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