Mutual of Omaha to Customize 401(k) Investment Reports

Quarterly reports of details of Mutual of Omaha funds will now only include funds in a 401(k) plan’s lineup.

Mutual of Omaha Retirement Services is transitioning to customized Mesirow Financial POLICE Reports for its 401(k) clients using Mesirow Financial’s 3(21) Fiduciary Partnership Service.

The Mesirow Financial POLICE Report is a quarterly watch list that typically provides details on all funds offered through Mutual of Omaha Retirement Services. Most plans offer a subset of the available funds and advisers and plan sponsors have expressed interest in a customized POLICE Report to show only the funds offered in their plan.

Beginning with the August report, Mesirow Financial will provide reports with the information tailored to the recipients’ specific plan funds. Customization of the report will simplify the investment review process for both advisers and plan sponsor fiduciaries. Mutual of Omaha plans on expanding the customized report to include Mesirow Financial’s 3(38) Fiduciary Partnership Service at a later date.

“We get it. Advisers and plan sponsors have a lot of complex responsibilities. We are proud to offer this unique level of customization to make their lives easier and fulfill their responsibility as a fiduciary quickly and accurately,” says John Corrieri, vice president of 401(k) at Mutual of Omaha.