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Minnesota Mutual Life Vacating 403(b) Market

Minnesota Mutual Life is Vacating the 403(b) Market

CCC has learned that Minnesota Mutual Life (aka: Minnesota Mutual Life) will not accept additional 403(b) contributions after 12/19/2008. Accordingly, it is necessary for Payroll Departments to cease remitting contributions to Minnesota Mutual Life no later than 12/19/2008.

If Minnesota Mutual Life has provided documentation of its plans, such information may be viewed by clicking Here.


Additional Notes:

Minnesota Life Insurance Company is exiting the 403(b) market and will no longer accept contributions to accounts after 12/19/08. Minnesota Life has stated they will not enter into Information Sharing Agreements in any form.