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MassMutual adds Gyrodata as new retirement services client

MassMutual, a mutual life insurance company, has added Texas-based Gyrodata to its list of Retirement Services Clients. Gyrodata's 401(k) plan has nearly $15m in assets and approximately 218 participants.

Gyrodata is a supplier of precision wellbore survey services to the energy industry.

Schildhauer & Idrees principal Frank Idrees said that Gyrodata not only recognizes the importance of high quality and precision for its survey technology, but the company also recognizes the value of a high-quality retirement plan for its employees.

Gyrodata vice president and chief financial officer Robert Trainer said that MassMutual’s keen focus and teamwork with the advisor has made it a flawless transition, and about plan features such as customized communications and the flexibility to design a custom investment platform.