Page 133 - NovDefComp

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
Defined Benefit and Defined Contribution

Recordkeeping Operations System

DC and DB Plan Administration: Compliance Testing
and Plan Year End Reporting

Control Objective 9
Controls provide reasonable assurance that Plan required compliance tests and
annual reports are compiled completely and accurately.

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

9.1 For plans that utilize Inspected the screen print of CTRS Database for selected
MassMutual Testing Services, a plans and determined that the annual compliance testing was
census is created and provided to performed by a testing operations associate, and that the
the Plan Sponsor. The completed testing results were reviewed by an independent team
census is returned and reviewed member for completeness and accuracy as evidenced by
for completeness and provided it is entries in the CTRS Database. In addition, inspected test
in good order, testing against result letters and determined that the final results were
specified requirements such as communicated to the Plan Sponsor.
plan limits and excess deferments
is performed by a testing For PEO plans utilizing Data Exchange, inspected CTRS data
base and test result letters for a selection of plans and
operations associates. An
independent team member reviews determined that the final results were communicated to the
Plan or PEO sponsor.
the returned census and the testing
for completeness and accuracy. No Exceptions Noted.
For PEO Plans utilizing Data
Exchange a census is not required.
The final results are communicated
to the Plan or PEO Sponsor. The
process is evidenced by entries in
the Compliance Testing and
Reporting Service (CTRS)
Database and the completion of
test result letters to the Plan
Sponsor or notifications to the PEO
Sponsor. (DC)

9.2 For plans which are contracted Inspected a selection of the “Plan Year Testing Results”
with MassMutual to provide annual letters for a selection of eligible plans and determined that an
compliance testing, an FSA FSA reviewed and signed-off on each plan’s annual
reviews and signs-off on each compliance testing results that were prepared by a
plan’s annual compliance testing Quantitative Specialist as evidenced by the FSA’s sign-off on
results prepared by a Quantitative the “Plan Year Testing Results” letter.
Specialist. The review is evidenced No Exceptions Noted.
by the FSA’s sign-off on the “Plan
Year Testing Results” letter sent to
Plan Sponsors. (DB)

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