Waukesha deferred compensation board approves MetLife Roth option for employees

At a meeting of the Waukesha City deferred compensation board, members voted unanimously to add the MetLife Roth IRA option to the city's MassMutual deferred compensation plan and authorized staff to execute the paperwork.

Kaylee, a city staff member who introduced the presenters, said the board invited Scott Goodwin and Dan Detloff, representatives of the plan vendor MassMutual, to explain the change. "They are representatives for our deferred comp vendor, MassMutual, and they are gonna speak on, adding the Roth option," she told the board.

Scott Goodwin, a MassMutual representative, said MetLife and related products have been used historically in the plan and described corporate changes that led to MassMutual distributing the MetLife product. He told the board that Bright House (a product name referenced in the presentation) has declined to add…