SPRINGFIELD, Mass., Oct. 9, 2012 /PRNewswire/ -- MassMutual's Retirement Services Division has been selected by Bridgeway Rehabilitation Services as the new provider for the company's 403(b) retirement plan, today serving more than 230 participants.
Headquartered in Elizabeth, N.J., Bridgeway Rehabilitation Services, Inc. is a psychiatric rehabilitation service agency providing assistance for residents of Central and Northern N.J. who have experienced psychiatric disabilities. Persons receiving services at Bridgeway are offered a wide range of vocational, educational, living and social opportunities to assist them to improve their skills, self-esteem, and sense of belonging to the larger community.
"MassMutual's financial strength and stability, excellent reputation in the market and robust investment offering were among the top reasons for our selection," says Conor Egan with MetLife, Inc., who assisted Bridgeway Rehabilitation Services in the search for a new retirement plan provider. "MassMutual excelled during the conversion process in terms of planning, organization, and execution, and truly has a winning combination of people, products and services," adds Egan.
"MassMutual Retirement Services was an ideal match to the needs of Bridgeway Rehabilitation Services' 403(b) plan," says Ronald West, director of operations for Bridgeway Rehabilitation Services. "We are excited to leverage MassMutual's award-winning communications and retirement readiness solutions to further engage our valued employees and help them better plan and save for a successful retirement," adds West.
"I am pleased to welcome Bridgeway Rehabilitation Services to our MassMutual Retirement Services family," says Elaine Sarsynski, executive vice president, MassMutual's Retirement Services Division and chairman and CEO of MassMutual International LLC. "We look forward to working with Bridgeway Rehabilitation Services to deploy the right retirement planning and plan health tools to increase the value of their retirement plan to employees," adds Sarsynski.
For more information about MassMutual Retirement Services, please contact your retirement plan advisor or call MassMutual at 1-866-444-2601.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] 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.
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. 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 policyholders every year 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's Retirement Services Division has been serving retirement plans for 65 years. It offers a full range of products and services for corporate, union, nonprofit and governmental employers' defined benefit, defined contribution and nonqualified deferred compensation plans. It serves approximately 1.6 million participants.
About Bridgeway Rehabilitation Services
For 40 years, Bridgeway has provided services to N.J. adults who are experiencing serious mental illness. Through recovery-centered support services, Bridgeway assists individuals to live as independently as possible, learn and work in the community, and improve their quality of life. Bridgeway has taken a leadership role in the state-wide transformation of mental health services to the recovery model and focuses on assisting people to recover meaningful and valued roles through effective cutting-edge mental health programming. Bridgeway was designated NJ Association of Mental Health Agency's (NJAMHA) 2007
Provider of the Year, in recognition of its tradition of successful psychiatric rehabilitation service outcomes. Bridgeway services are available in Union, Hudson, Passaic, Middlesex, Somerset, Warren, Hunterdon, Sussex and Bergen Counties. For more information, visit www.bridgewayrehab.com.
Copyright ©2012 Massachusetts Mutual Life Insurance Company (MassMutual) and affiliates, Springfield, MA 01111-0001. All rights reserved.
Contact: Jessica Barry
SOURCE MassMutual Retirement Services