Products November 9, 2009

Mutual of Omaha Adds 457(b) Retirement Solution

November 9, 2009 (PLANSPONSOR.com) - Mutual of Omaha has added a 457(b) retirement platform to its lineup of retirement solutions.

Reported by

Nevin E. Adams

Underwritten by Mutual of Omaha affiliates United of Omaha Life Insurance Company and Companion Life Insurance Company, the new 457(b) retirement solution includes the following:

a comprehensive lineup of investment options, including risk-based and time-based asset allocation portfolios, individually managed account options and a self-directed brokerage account with access to unlimited fund choices
fiduciary support, including product-level investment oversight, plan-level guidance from third party experts and participant-level professionally managed account options
recordkeeping and plan administration support, including online access to plan data, installation and conversion support, ability to work with a range of payroll formats, contribution and distribution processing, quarterly reporting, custodial and trust services and 1099-R services
tax compliance and plan document support by RSM McGladrey, Inc., a national TPA specializing in 457(b) plans
ongoing customer service and education, including enrollment support, a dedicated relationship manager, 24-hour plan access and online services