How do I check my MassMutual account?

Go to MassMutual.com/cityofmemphis. If you have an existing account, click “Login.” If you are a new user, click “Register for online access,” and validate your account through the prompts. The first screen you will see is your Account Dashboard.

Can I cash out my MassMutual 401k?

Whether you are in a new job or not, you generally have the option to leave your old retirement plan where it is, as long as your balance is at least $5,000 (if it’s less than that, your employer may be able to automatically cash you out).

What happened to my MassMutual 401k?

Empower Retirement acquired MassMutual’s retirement plan business in January 2021.

Is MassMutual a pyramid scheme?

No, Mass Mutual is not a pyramid scheme, scam, or insurance MLM.

How do I login empower?

How do I log in to the plan sponsor website? Enter your username and password and then click the Sign In button. If logging in from a new or unrecognized device, you will be sent a verification code to confirm your identity. If you experience problems logging in the first time, contact your Client Services.

How do I cash out my 401k?

Cashing Out a 401(k) in the Event of Job Termination You just need to contact the administrator of your plan and fill out certain forms for the distribution of your 401(k) funds. However, the Internal Revenue Service (IRS) may charge you a penalty of 10% for early withdrawal, subject to certain exceptions.

How much will I get if I cash out my 401k?

Traditional 401(k) (age 59.5+): You’ll get 100% of the balance, minus state and federal taxes. Roth 401(k) (age 59.5+): You’ll get 100% of your balance, without taxation. Cashing out before age 59.5: You will be subject to a 10% penalty on top of any taxes owed.

How long does it take to get a 401k loan check in the mail?

Typically, the time it takes to receive a 401(k) disbursement check is two to four weeks. Your 401(k) administrator will need time to process your request; then, it will take time for the check to travel through the mail system.

How do I find an old 401k account?

Contacting your former employer is the fastest way to find your old 401(k). The company’s HR department should have records of your retirement account and can advise you on how to access it or roll it over if that’s what you decide to do.

How many agents does MassMutual have?

Select an Agency by State With more than 7,600 financial professionals available across the nation and 4,500 on MassMutual.com, we’re committed to helping you secure your future.

Why do you want to work for MassMutual?

81% of employees recommend MassMutual as a great place to work. 89% of employees feel that MassMutual encourages and promotes a diversity of backgrounds, talents, and perspectives. 87% of employees feel proud to work for MassMutual.