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Products February 13, 2008
Mutual of Omaha Offers Managed Accounts, Target Date Funds
February 13, 2008 (PLANSPONSOR.com) - Mutual of
Omaha now offers managed accounts and target date funds for
use in retirement plans.
Reported by Fred Schneyer
A Mutual of Omaha news release said it is partnering with 401k Toolbox, by PMFM, for its managed account option. The offering provides a variety of investment portfolios that can be selected automatically based on age or individually based on an individual’s investment preferences.
According to the announcement, Mutual of Omaha also is
offering Mutual GlidePath portfolios as a default
investment. Consisting of a series of nine target date
funds, the Mutual GlidePath portfolios provide participants
with an investment strategy based on projected retirement
dates.
Both offerings are designed to satisfy the new Qualified
Default Investment Alternative (QDIA) regulations.
“We understand the challenges that today’s plan sponsors face when selecting default investments on behalf of their participants. While they clearly want to do what is best for their employees, they must also consider their fiduciary obligations,” said David Ahrendt, vice president of Retirement Services at Mutual of Omaha, in the announcement.
More information is at
www.getretirementright.com
.