Close Close

Retirement Planning > Retirement Investing

Mutual of Omaha and Mesirow Financial Create a New Solution to Help Retirement Plan Sponsors Minimize Fiduciary Risk

Your article was successfully shared with the contacts you provided.

Mutual of Omaha and Mesirow Financial have announced an agreement that will provide plan sponsors cost effective access to fiduciary services, including investment guidance and monitoring, to help those sponsors minimize their fiduciary riskexposure.

When a plan sponsor who utilizes Mutual of Omaha’s product selects the new plan-level fiduciary feature, Mesirow Financial will help the sponsor choose investment options from a list of available funds, as well as monitor those investments on an ongoing, quarterly basis. By doing so, Mesirow Financial will be providing co-fiduciary services, helping reduce the plan sponsor’s fiduciary risk for fund selection and monitoring.
The innovative plan-level fiduciary feature will allow Mutual of Omaha to offer its plan sponsors an umbrella of fiduciary support on three levels:

  • Product-level support from Mutual of Omaha’s Investment Manager Oversight Committee and the consulting services of Callan Associates, Inc.
  • Plan-level support from the individual plan appointment of investment managers and the addition of the Mesirow Financial program
  • Participant-level support from individually managed account options

“In light of the increasing fiduciary obligations that today’s plan sponsors face, we are pleased to offer another level of support through our arrangement with Mesirow Financial,” said Bud Wright, senior vice president of retirement plans at Mutual of Omaha. “This new feature will complement the umbrella of fiduciary support our plan sponsors already receive, giving them added peace of mind.”

“Through our role in the Mutual of Omaha retirement program, plan sponsors will have access to our professional analysis, expert fund selection and extensive research tools,” said James C. Tyree, chief executive officer of Mesirow Financial. “This agreement underscores our long-term commitment to providing high-quality investment research services to help employers select the best possible investments that will benefit their workforce.”