Jan. 16, 2007
Symetra Financial and Mesirow Financial, Bellevue, Wash., has announced an agreement to offer small businesses more choice and flexibility for employer-sponsored 401(k) plans. The partnership will greatly expand the number of mutual funds available in Symetra’s 401(k) platform, giving small businesses cost effective access to the type of plans typically available only to Fortune-500 sized companies.
With the addition of Mesirow Financial, 80 mutual funds are now available in the Symetra platform, adding enhanced flexibility to respond to the diverse investment needs of America’s small businesses. Because there are no proprietary mutual funds, plan participants can choose from a broad set of funds from leading investment management firms, such as American Funds, Dreyfus Corporation, Fidelity Management & Research, AIM Investments and American Century Funds.
Experts in fund selection and asset allocation, Mesirow Financial will monitor the performance of funds in Symetra’s 401(k) program on an ongoing, quarterly basis, making it easier and more efficient to maintain retirement plans. The Symetra program will also provide co-fiduciary services at no cost for plans using Mesirow Financial-prescribed funds, further helping plan-sponsors manage their fiduciary risk exposure.