Mutual of Omaha Retirement Services announced that it has expanded its retirement platform with Stadion Money Management’s StoryLine 401(k) solution aimed at participants in adviser-sold, small-market plans. This solution uses SPDR exchange traded funds (ETFs).
According to Stadion, StoryLine’s Web interface allows participants to develop investment strategies based on their personal risk profiles, expectations and goals. At the employee’s discretion, StoryLine will also allow the inclusion of outside and spousal assets.
“A common problem we see in the retirement landscape today is that many plan participants are asking for professional advice and tailored solutions but it’s simply not made available to them,” says John Corrieri, vice president of 401(k) at Mutual of Omaha Retirement Services. “StoryLine helps us give all of our plan participants the opportunities to prepare for retirement. This service enhances the customer-focused approach we’re known for and is filling an important void.”
Tim McCabe, senior vice president and national retirement sales director at Stadion adds, “We’re delighted that Mutual of Omaha has elected to make StoryLine available on its platform. They see in this solution precisely what we set out to develop—a democratization of the retirement planning process so that all participants have access to the best solutions and advice available.”
Stadion Money Management is an independent firm with a proprietary money management process focused on minimizing risk and participating in up markets through investments in ETFs. As of June, the firm managed approximately $3.6 billion.
More information about StoryLine can be fund online here.