MassMutual may sell off retirement services in potential $2 billion deal
Massachusetts Mutual Life Insurance Company is exploring the sale of its retirement services division in a deal that could fetch about $2 billion, according to published reports. The Springfield-based insurer is exploring the sale of the unit, which administers retirement plans such as 401(k)s for companies and has about $175 billion in assets under management, Reuters reported, citing anonymous sources familiar with the situation.