MassMutual Financial Group - Helping You Make RetireSMART Moves


Legal/Terms of Use


The following applies to all products with the exception of Hartford Aviator, Aviator EB Hartford Aviator I &Aviator EB I(PA,WA,WI; NY ), Hartford Lifetime Income, Possibilities, DCPlus, Hartford Cornerstone, Premier Innovations, Premier Solutions, Premier Enterprise, RecordKeeper Plus, and CPS. Frequent trading policy and Morningstar disclosures can be found on website pages.

KD Advisors, LLC
  The KD Advice retirement advice service is provided by KD Advisors, LLC, a registered investment adviser and a wholly owned subsidiary of North Carolina based Klein Decisions, Inc., an independent provider of analytical tools. Klein Decisions offers analytical tools that are used by advisors and analysts to evaluate mutual funds and ETFs and to develop investment strategies for investors. Klein Decisions also offers K4 Plan Goals a proprietary software system that is used by KD Advisors to deliver advice to retirement plan participants. The combination of the data and methodology is proprietary to Klein Decisions, Inc., and/or KD Advisors, LLC. Although the data are gathered from reliable sources, neither Klein Decisions, Inc. nor KD Advisors, LLC guarantees their accuracy, completeness, or timeliness. Past performance is no guarantee of future performance.

Excessive Trading Policy
  Market timing and other excessive trading in the form of frequent purchases and sales of mutual fund shares and similar investments can harm investment performance by increasing transaction costs and disrupting the portfolio managerís investment strategy. The managers of the investment options offered in your retirement plan are required by law to prevent transactions that violate the excessive trading policies described in each optionís prospectus. As an investment manager and retirement plan provider, MassMutual also shares an obligation with plan fiduciaries to protect plan participants against the detrimental effects of excessive trading.

  • A participant will be prohibited from transferring into most mutual funds and similar investment options if they have transferred into and out of the same option within the previous 60 days. Certain stable value, guaranteed interest, fixed income and other investment options are not subject to this rule. This rule does not prohibit participants from transferring out of any option at any time.
  • In order to receive a certain dayís price, participants must submit purchase transactions before 2:30 p.m. E.T. of such day for certain qualified plan global and international investment options and before 10:00 a.m. E.T. of such day for all non-qualified plan investment options.
  • In addition to the automated procedures described above, MassMutual monitors transactions in all investment options to detect excessive trading and may take additional steps as necessary to prevent such activity.
  • Purchases and sales resulting from regular contributions, distributions, loans and certain other transactions are excluded when determining whether trading activity is excessive.

These procedures may not detect or prevent all excessive trading which may be detrimental to investment performance. As appropriate, these procedures may be changed to further prevent excessive trading and/or to comply with new legal requirements. In addition, portfolio managers may require MassMutual to restrict purchases and exchanges by any plan or participant at any time.

RS#02364-06

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