MassMutual’s retirement services arm announced record sales and net cash flows in the first quarter.
The company, which reported record sales last year, said retirement plan sales from Jan. 1 through March 31 were $1.8 billion, 40% higher than a year earlier and net cash flows reached $1.2 billion, marking the quarterly results in the Springfield, Mass., based company's 65 years in the retirement plan business, according to a press release issued Monday.
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