SPRINGFIELD, Mass., Nov. 9, 2010 /PRNewswire/ -- MassMutual's Retirement Services Division has been selected by Lyman Products as the new provider for the company's $6.3 million 401(k) plan. Lyman Products, based in Middletown, Conn., is a leading manufacturer of innovative products for the shooting and reloading industry with more than 100 employees. Smith Brothers Insurance, Glastonbury, Conn., assisted with the search process.

"Lyman Products sought a financially-stable retirement plan provider that offered high-touch service and strong educational resources for our employees," says Denis LeBlanc, controller, Lyman Products. "MassMutual's demonstrated strengths in these areas were important in their selection as our new retirement plan provider. MassMutual and Smith Brothers have delivered an outstanding plan transition experience for us and we look forward to working with them to help our valued employees plan and save for retirement," adds LeBlanc.

"At Smith Brothers, we have a dual focus process to assist both the plan sponsor (Lyman Products) and its employees in meeting their retirement plan goals," says Patrick Morrissey AIF®, retirement plan consultant, Smith Brothers Insurance. "We look forward to helping Lyman Products fulfill its fiduciary obligations by providing investment oversight, and supporting employee education through group and one-on-one meetings," adds Morrissey.

"MassMutual is pleased to welcome Lyman Products as a valued new retirement services client," says Elaine Sarsynski, executive vice president, MassMutual's Retirement Services Division and chairman and CEO of MassMutual International LLC. "We are excited to ensure that Lyman Products' retirement plan delivers the highest value for the company and helps every participating employee as they save for retirement."

For more information about MassMutual's retirement services, please contact your retirement advisor or contact MassMutual at (888) 626-4911.

About MassMutual

MassMutual's Retirement Services Division has been serving retirement plans for more than 60 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 one million participants.

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 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, Inc., member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.

For more information, visit massmutual.com.

Copyright © 2010 Massachusetts Mutual Life Insurance Company (MassMutual) and affiliates, Springfield, MA 01111-0001. All rights reserved.

SOURCE MassMutual Retirement Services