DCIO solutions provide sponsors with investment choice


By Keith McDonagh
Head of the Institutional Solutions businesses for MassMutual.
Posted on Oct 31, 2017

Retirement plan sponsors seek to offer a broad array of investment and stable value options within their employee defined contribution plans. Sponsors want choice among the available investments to help their employees prepare to retire.

Many financial services firms offer investments for retirement plans on a defined contribution investment-only (DCIO) basis. By definition, DCIO investments are available to the institutional marketplace on various administrative platforms. MassMutual, long known as a highly-regarded defined contribution plan recordkeeper, also has a dedicated team for the DCIO market that has delivered strong results.

MassMutual offers a compelling array of DCIO solutions in the form of the MassMutual Funds. Our mutual fund family covers all of the major investment categories including: large cap, mid cap, small cap, international, bonds, balanced, indexed and target date. Whether advisors or sponsors are looking for multiple investment funds or a specific solution for their funds lineup, MassMutual has the DCIO solutions to meet those needs.

What really differentiates MassMutual Funds in the DCIO marketplace is both performance and investment approach. The funds employ a multi-manager strategy that is well suited for financial advisors and plan sponsors who are looking for unique combinations of specialized investment expertise. MassMutual Funds are built for retirement plans, with an eye towards long-term retirement goals that can stretch out to decades.

In a marketplace that places a premium on performance, the MassMutual Funds have risen to the occasion. That means advisors, plan sponsors and plan participants have many choices, with 50 percent of the MassMutual Funds rated by Morningstar as either four or five stars, and 81 percent of the funds ranked in the top quartile for five-year performance as of June 30, 2017.1

In addition to our fund family, MassMutual’s stable value offerings cover the spectrum of general account, separate account and synthetic structures. Stable value funds, available through employer-sponsored retirement plans as a capital preservation option, are customized to meet the needs of large individual plans, or commingled for smaller plans that may not otherwise have access to such solutions. Advisors and sponsors look to MassMutual’s stable value offerings because of our company’s financial strength, commitment and expertise.2

Our experienced team helps plan sponsors and advisors formulate solutions for any retirement plan. With our mutual fund family and a wide array of stable value products, MassMutual is a valuable consideration for any plan. Our purpose is to help advisors and sponsors meet their employees’ goals to protect their financial future and retire on their own terms.


Keith McDonagh is Head of the Institutional Solutions businesses for Massachusetts Mutual Life Insurance Co. (MassMutual), which includes Institutional Insurance, Institutional Longevity, Defined Benefit, Institutional Investments, Stable Value, Medium Term Notes and Guaranteed Interest Contracts.

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Morningstar Ratings™ as of June 30, 2017. For each investment with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on how an investment ranks on a Morningstar Risk-Adjusted Return measure against other investments in the same category. This measure takes into account variations in an investment’s monthly performance after adjusting for sales loads, redemption fees, and the risk-free rate, placing more emphasis on downward variations and rewarding consistent performance. These ratings may change monthly. The top 10% of investments in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for an investment is derived from a weighted average of the ratings for the three-, five- and ten-year (if applicable) time periods.

Morningstar Ratings™ shown are for Class R5 shares for all funds; ratings may vary for other share classes. Current ratings may be lower or higher than data quoted herein. For more current information including ratings of other share classes or, for existing clients, to determine which share class your plan invests in, please call 877-474-5016.

Massachusetts Mutual Life Insurance Company (MassMutual) is rated A++ by A.M. Best, AA+ by Fitch Ratings, Aa3 by Moody’s Investors Service and AA+ by Standard & Poor’s. Financial ratings are as of Dec. 1, 2019. Ratings apply to Massachusetts Mutual Life Insurance Company and its subsidiaries, C.M. Life Insurance Company and MML Bay State Life Insurance Company. Ratings are as of 12/1/2019 and are subject to change.

The information provided is not written or intended as specific tax or legal advice. MassMutual, its employees and representatives are not authorized to give tax or legal advice. You are encouraged to seek advice from your own tax or legal counsel.