Page 122 - NovDefComp

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
Defined Benefit and Defined Contribution

Recordkeeping Operations System

Controls Specified by Testing Performed by KPMG LLP and Results of Tests
MassMutual Business

7.9 CIO associates establish or Inspected the “Comments” field in AWD and screen shots from
modify Debit ACH information on PRS for a selection of new and changed Debit ACH requests
PRS upon receipt of a form or and determined that an independent team member reviewed
documentation received from the them for completeness and accuracy.
Account Manager. The entries
are reviewed after entry into No Exceptions Noted.
PRS by an independent team
member for completeness and
accuracy. The review is
evidenced in AWD by
assignment to the independent
team member and them moving
the work item to "Processed."
(DC)

7.10 CIO associates reconcile For a selection of days, inspected the PRS system daily transfer
the total amount of the Debit amounts and compared amounts to the total amount of the Debit
ACH transfers in PRS daily to ACH transfers in TCC and determined that a CIO associate
the total amount of the Debit performed the reconciliation as evidenced on the reconciliation
ACH transfers in TCC. worksheets and by a sign-off on the “ACH Batch Request List”
Discrepancies are researched print screen. In addition, re-performed the reconciliation of the
and resolved in a timely manner. selection and determined that they were correctly calculated.
The reconciliation is reviewed by Inspected reconciliation worksheets and “ACH Batch Request
an independent team member List” to determine that the reconciliation was performed by an
and evidenced by sign-off on the independent team member.
reconciliation worksheets and
the” ACH Batch Request List” No Exceptions Noted.
print screens. (DC)

MassMutual Defined Benefit and Defined Control Objectives, Related Controls and Tests of
Contribution Recordkeeping Operations System Operating Effectiveness
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