Page 41 - NovDefComp

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
Defined Benefit and Defined Contribution Recordkeeping

Investment Service Operations System

Controls Specified by
MassMutual Investment Testing Performed by KPMG LLP and Results of Tests
Operations
2.4 For Direct Mutual Fund Inspected the “RPG Share Recon” task in TreX and the
business, an Investment reconciliation for a selection of dates and determined that an
operations associate reconciles investment operations associates reconciled outstanding share
outstanding share balances balances between the RK, Fundlinx, and the Fund Company
between the administrative daily to confirm shares or the reinvestment of dividends were
recordkeeping systems, recorded accurately and completely and researched and
Fundlinx, and the Fund resolved any discrepancies identified.
Company daily to confirm shares No Exceptions Noted.
or the reinvestment of dividends
is recorded accurately and
completely. A senior level team
member reviews completion of
the reconciliation and signs-off
on the reconciliations. The
reviews are evidenced by the
documentation uploaded
into Trex under the RPG Share
reconciliations and are
considered electronically
reviewed with the completion of
the ”RPG Share Recon” Task in
TreX. (DB & DC)

2.5 Investment operations Inspected the “USIG and RI Unival Unit Recons” task in TreX
associates verify on a daily basis and the reconciliation for a selection of dates and determined
that units are reconciled that an investment operations associate verified that units were
between the administrative reconciled between the administrative recordkeeping systems
recordkeeping systems (PRS (PRS and CAS) via CaRS, and Unival as noted on the report
and CAS) via CaRS, and Unival and researched and resolved any discrepancies identified.
and makes note on the “Unival
Units Reconciliation Exception” No Exceptions Noted.
report. Discrepancies are
researched and resolved. A
senior level team member
verifies the review and signs-off.
The reviews are evidenced by
documentation uploaded into the
Retirement Plans Group (RPG)
unit reconciliation task in TreX
and are considered electronically
reviewed with the completion of
the “USIG and RI Unival Unit
Recons” Task in TreX. (DB &
DC)

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