A. O. Smith Corporation, based in Milwaukee, WI, is a leading industrial company that specializes in the manufacturing of steel products. With a rich history and a strong reputation, A. O. Smith Corporation has recently made changes to its pension plan, transitioning to an annuity contract with Massachusetts Mutual Life Insurance Company. This transition ensures that the value of pension benefits remains unchanged, with uninterrupted monthly payments for current recipients and the same gross amount and form of payment. A. O. Smith Corporation follows fiduciary standards and guidelines to select MassMutual as the insurance company responsible for these plan payments.
In addition to its pension plan, A. O. Smith Corporation also offers group life insurance through The Guardian Life Insurance Company of America. With a basic term life benefit of $12,500, participants can update or change their beneficiaries by contacting The Guardian. A. O. Smith Corporation provides comprehensive support and assistance to its employees, ensuring a smooth transition and addressing any questions or concerns that may arise during these changes to the retirement and life insurance plans.
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