Page 38 - NovDefComp

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
Defined Benefit and Defined Contribution Recordkeeping

Investment Service Operations System

Controls Specified by MassMutual
Investment Operations Testing Performed by KPMG LLP and Results of Tests
1.8 NAV's, accruals, and dividends can Inspected the "NAVIMPORTALLS QC" and the "Analysis
be uploaded to Unival using a During the Day - Reviewer" Tasks in TreX for a selection
NAVIMPORTALL template. This of dates and determined that an investment operations
template is populated with current day associate uploaded the NAVIMPORTALL report and
valuation information. The template is determined that a subsequent quality review was
created, and backup is obtained by performed.
investment operations associates. The No Exceptions Noted.
template is then quality reviewed by an
independent team member for
completion prior to upload into Unival.
The review is evidenced by
documentation uploaded into the
NAVIMPORTALL Task and the
subsequent Quality Review notes in
the QC step of the NAVIMPORTALL
Task in TreX. (DB & DC)

1.9 Investment operations associates Inspected the “Fundlinx Unpriced Cusip Report” and "Price
review the “FUNDlinx Unpriced Cusip” File and Trade Send - Monitor" tasks in TreX and the
report from the FUNDlinx system to "Unpriced Cusip Report" for a selection of dates and
determine that all NAVs and determined that all NAVs and distribution rates were
distribution rates have been received. received, if any NAVs and distribution rates were missing
Any missing NAVs and distribution determined that the rates were entered accurately.
rates are entered as appropriate. The No Exceptions Noted.
review is evidenced by documentation
of a blank "Unpriced Cusip" Report
uploaded into the Fundlinx Unpriced
CUSIPS report Task and management
approval of the Price File and Trades
Send- Monitor Task in TreX. (DB &
DC)

1.10 Unival system parameters do not Observed an investment operations associate attempt to
allow the transmission of unit values to transmit unit values to CaRS in the Unival system and
CaRS until all NAVs are entered. (DB noted that Unival prevented the transmission of unit values
& DC) to CaRS until all NAVs had been entered.

No Exceptions Noted.

Note: Asset Valuation is a daily process. Job Processing controls that monitor schedules and job
®
abends (As noted in the General Information Technology Controls System SOC 1 Report Controls
5.1 and 5.2) help ensure that process delays are identified immediately so that prompt action can be
taken to resolve problems quickly.

MassMutual Defined Benefit and Defined Control Objectives, Related Controls and Test of
Contribution Investment Service Operations Operation Effectiveness
System
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