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Performance as of 12/31/2019 The MassMutual Investment Program Notwithstanding some of the terms used in these materials (e.g., plan sponsor or employer), these materials are directed to and are intended for use by the referenced plan’s independent fiduciary adviser based on MassMutual’s understanding that (a) the independent fiduciary has under management or control total assets of at least $50 million, or is a broker-dealer, investment adviser, insurance carrier, or bank, as defined in 29 CFR section 2510.3-21(c)(1) ), (b) the independent fiduciary is responsible for exercising independent judgment in
investment objectives will be achieved.
accounts. financial situation.
