To: All Lay Employees that participate in The Roman Catholic Diocese of Worcester’s 403(b) plan and their Employers
You may have heard the new that our 403(b) provider is going through an acquisition.
MassMutual and Empower recently announced that they have entered into an agreement in which Empower has agreed to acquire MassMutual’s retirement plan business. With this acquisition, Empower solidifies its industry leadership position.
So, what does this mean for you and your workplace retirement account?
You do not need to do anything at this time. For now, it’s business as usual; which means you can continue to count on MassMutual to provide you with the excellent service to which you are accustomed.
Between now and the planned close of this acquisition (which is expected to happen in the fourth quarter of this year) there will be no changes to the way MassMutual conducts day-to-day business. And that means your day-to-day interactions with MassMutual and your retirement plan account will remain exactly the same as they are today:
- Same website.
- Same call center numbers.
- Same mobile app.
- Same dedicated service you’ve come to rely on.
In the coming months, as the closing date approaches, we’ll be sure you receive information about changes, if any, that will result from Empower’s acquisition of MassMutual’s retirement plan business.
Thank you,
Lori
Lori Ensom
Office of Fiscal Affairs
Manager of Payroll and Human Resources
Diocese of Worcester
49 Elm Street
Worcester, MA 01609
508-929-4353
