Mutual of Omaha Adds Managed Account Feature

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 advice and active portfolio management to participants.

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

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

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 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 adviser.”

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 available at www.getretirementright.com.

ExpertPlan to Provide 401(k) RK Program for Claymore

Claymore Securities, Inc., tapped recordkeeper ExpertPlan to provide a 401(k) recordkeeping and administration solution that includes access to exchanged-traded funds (ETFs).

The private label platform will include ETF-based target date funds that utilize the collective fund structure, according to a news release.

These collective funds provide broad diversification across multiple asset classes with maturities ranging from retirement through 2050 and are available through this product as the qualified default investment alternative (QDIA), the release said.

For more stories like this, sign up for the PLANADVISERdash daily newsletter.

Because these collective funds are available on the same 401(k) platform as traditional mutual funds, they are able to trade through this recordkeeping and administration system, according to the release. Financial advisers will have access to a variety of tools, including online proposal generation and marketing support.

“Many advisers have been looking for a solution which provides access to ETFs in retirement plans, and one that can also include mutual funds. With ExpertPlan’s open architecture and the collective funds, there is now a solution for them,” said Mark Tucker, managing director of Claymore Securities, in the news release.

«