Mutual of Omaha Adds Managed Account Feature

October 22, 2008 ( - Mutual of Omaha is offering employers a 401(k) managed account feature through an arrangement with PMFM Inc.

A news release said the new Manage It For Me feature from 401k Toolbox provides expert advice and active portfolio management to participants.

Participants receive a personalized retirement strategy through professional account management, including customized portfolio selection and ongoing monitoring, the announcement said.

PMFM uses an analytical model designed to lower downside volatility and provide safety to its clients by actively allocating and concentrating investments in more economically sound sectors, the news release said.

“Recent developments in the stock market are placing a premium on sound investment advice and employers are looking for solutions that help employees protect their retirement savings,” said David Ahrendt, senior vice president of Retirement Plans at Mutual of Omaha, in the news release. “Our new 401k Toolbox option allows plan sponsors to offer their participants the option of receiving personalized investment advice and ongoing monitoring from a registered investment advisor.”

The new feature also meets the criteria of being a qualified default investment alternative (QDIA) as outlined by the U.S. Department of Labor.

More information is at .