Investing done differently FOR FINANCIAL PROFESSIONAL AND PLAN SPONSOR USE ONLY. NOT FOR USE WITH EMPLOYEES.

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1 Investing done differently FOR FINANCIAL PROFESSIONAL AND PLAN SPONSOR USE ONLY. NOT FOR USE WITH EMPLOYEES.

2 Investment expertise from a partner you know and trust When it comes to helping employees become retirement ready, creating a strong investment lineup is one of the most important levers a plan sponsor can pull. But how do you ensure you offer the right choices to help meet their needs? At MassMutual, we understand the challenges you face. With more than $770 billion in assets under management, 1 we re not only one of the largest retirement plan providers, we are also one of the world s leading investment organizations. Today, a growing number of DC plan sponsors trust their participants retirement savings to MassMutual. We have earned that trust by delivering innovative, tailored solutions built on diversification, prudent security selection and a long-term perspective. These same values have helped us maintain strong financial ratings, 2 demonstrating our strength and stability during good markets and challenging ones. We oversee more than $770 billion in assets for clients like yours. 1 FINANCIAL STRENGTH RATINGS 2 MUTUALITY MATTERS Standard & Poor s Moody s Investors Service A.M. Best Fitch Ratings AA+ Aa2 A++ AA+ MassMutual is a mutual company, which means we operate for the benefit of our members and policyowners, not Wall Street. This allows us to look beyond shortterm profits and focus on the long-term, both in the way we invest and in the way we stand by our clients. 1

3 Our strength lies in our approach While some retirement providers manage all their investments in-house, we work differently. For almost two decades, we ve been hiring external managers to manage our investment solutions. This independent structure gives us the flexibility to jointly co-create investment solutions with some of the best retail, institutional and boutique investment managers from across the industry. By combining the expertise of outside specialty managers with elements of MassMutual s time-tested investment approach, we offer an open-architecture investment platform of standout solutions to meet the needs of plan sponsors and their plan participants. Due diligence for prudent investment choices Our rigorous due diligence process helps us identify and monitor asset managers who share our standards of excellence. Broad universe screening narrows the universe of managers to a select few that meet our investment standards. Quantitative analysis screens potential managers against key performance measures. Qualitative analysis evaluates the long-term stability of managers and their investment process. Final evaluation by the MassMutual Funds Board provides extra level of oversight. Ongoing review helps ensure our managers adhere to their respective investment style and strategy and provide an appropriate level of return for the risk they have taken. With 16 MassMutual Funds (Class R5 shares) having an overall Morningstar rating of 4 or 5 stars, consider MassMutual for your retirement plan clients.* *As of December 31,

4 When simple is smart: co-manufactured Target Date Funds 3 MassMutual simplifies the path to retirement with a next-generation platform of Target Date Funds (TDFs) that offers more ways for plan sponsors to meet their fiduciary obligations and drive better outcomes for their employees. Collaborating with top outside investment managers, we offer access to active, passive and hybrid strategies, to and through glidepaths, and a proven process for allocating assets and managing the key risks participants face over time. This can help plan sponsors satisfy Department of Labor requirements, potentially making our funds a clear choice for default investment programs. Organized into four diverse and easy-to-implement target date solutions, we have the right fit for your plan demographics with features that plan sponsors and participants want most. Custom glidepaths are also available for plans that meet specific criteria. $1 TRILLION Amount invested in TDFs (as of June 30, 2017) 4 CLOSING THE RETIREMENT INCOME GAP Investors are beginning to reap the benefits of TDFs buy-and-hold strategy. According to Morningstar, TDFs boasted a 1.4-percentage-point return advantage over other funds for the 10-year period ending December 31, THE POWER OF PARTNERSHIP Representative list of asset managers as of 12/31/2017. All logos are the property of their respective owners.

5 Driving better outcomes For more than 70 years, our mission has been to help workers prepare for a more secure retirement. To pursue this goal, we developed an innovative way to use real, employerspecific data not industry averages or benchmarks to diagnose plan health and if employees are on track to retire. This approach enables us to provide tailored retirement solutions, such as customized investment options and automated features, that may drive improved outcomes for plan participants and the organization s bottom line. Auto features matter More than 60 percent of plan sponsors have implemented auto enrollment and half have implemented auto escalation, according to a recent study. 6 Even more notable is the impact that auto features can have on retirement readiness, with two-thirds of the plans that have implemented auto features having savings rates greater than 11%, and 43% of them having savings rates greater than 15%. SAVINGS RATES BY AUTOMATIC FEATURES IMPLEMENTATION 6 60% 47% 48% 46% 40% 20% 0% 9% 30% 29% 24% 24% 19% 15% 4% 6% <5% 6-10% 11-15% >15% n Use neither auto enrollment or auto escalation n Use auto enrollment, not auto escalation n Use auto enrollment and auto escalation 4

6 Want to build a stronger retirement plan? Our investment approach is designed for your success. To learn more, contact your Financial Professional or MassMutual representative today. FOR FINANCIAL PROFESSIONAL AND PLAN SPONSOR USE ONLY. NOT FOR USE WITH EMPLOYEES. 1 As of 12/31/17; Assets under management include assets and certain external investment funds managed by MassMutual subsidiaries, including Oppenheimer Funds, Inc. and Barings. 2 Financial Strength ratings as of 3/1/2018. 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 subject to change. 3 Generally, target retirement date (lifecycle) investment options are designed to be held beyond the presumed retirement date to offer a continuing investment option for the investor in retirement. The year in the investment option name refers to the approximate year an investor in the option would plan to retire and likely would stop making new contributions to the investment option. However, investors may choose a date other than their presumed retirement date to be more conservative or aggressive depending on their own risk tolerance. Target retirement date (lifecycle) investment options are designed for participants who plan to withdraw the value of their accounts gradually after retirement. Each of these options follows its own asset allocation path ( glide path ) to progressively reduce its equity exposure and become more conservative over time. Options may not reach their most conservative allocation until after their target date. Others may reach their most conservative allocation in their target date year. Investors should consider their own personal risk tolerance, circumstances and financial situation. These options should not be selected solely on a single factor such as age or retirement date. Please consult the prospectus (if applicable) pertaining to the options to determine if their glide path is consistent with your long-term financial plan. Target retirement date investment options stated asset allocation may be subject to change. Investments in these options are not guaranteed and you may experience losses, including losses near, at, or after the target date. Additionally, there is no guarantee that the options will provide adequate income at and through retirement. 4 Source: ICI Resources on Target Date Funds, Investment Company Institute. 5 Source: 2017 Target-Date Fund Landscape, Answers to Frequently Asked Questions. Morningstar Manager Research, April 20, Source: DCIIA Fourth Biennial Plan Sponsor Survey, December collection/23d6fa15-31a6-4aba-826b-a8718dc03e59/dciia_fourth_biennial_plan_sponsor_survey_8._final pdf Morningstar Ratings as of December 31, 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 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and; (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA All rights reserved. massmutual.com. RS C:RS