MassMutual Retirement has appointed Vince Rainforth as national practice leader for not-for-profit (NFP) retirement plans as the insurer looks to expand its footprint in the increasingly competitive $1 trillion marketplace.
Rainforth is responsible for leading business development in the NFP market. MassMutual currently has $15.5 billion in assets under management with 3,641 retirement plans sponsored by NFP entities such as credit unions, charities, private colleges, religious organizations and others. He reports to Jon Shuman, Vice President and Head of Markets and Investment Partner Development in MassMutual’s Retirement division.
Before starting at MassMutual, Rainforth was vice president of the tax-exempt market at the Principal Financial Group, where he worked since 1997. He also spent 10 years with the Minor League Baseball Association.
Rainforth is leading a team of six retirement plan specialists who assist MassMutual’s 85 retirement service directors and 90 relationship managers as they support financial advisors and their NFP clients select and implement retirement plans. Another 90 education specialists help plan participants determine their retirement savings needs and encourage retirement plan participation.
For more on MassMutual’s value-adds for advisors, visit their NAPA Partner Corner page.
