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Fiduciary Services
Mutual of Omaha's Approach
To Fiduciary Services
Mutual of Omaha Retirement Services recognizes the complex role of a plan fiduciary, and we realize that these individuals typically aren't investment experts. That's why we take measures to offer you diverse, proven investment options and we monitor those investments regularly.
Our holistic approach to fiduciary support includes strategic due diligence on three levels:
- Product-level support
- Plan-level support
- Participant-level support
Qualified Default Investment Alternative (QDIA)
When a plan sponsor invests contributions in a default fund for a participant who has not made investment elections, they are deemed to have made a prudent investment decision on behalf of that participant. A QDIA is a default investment option that provides additional fiduciary protection for plan sponsors and eliminates the need for participants to make investment decisions.*
Mutual of Omaha offers two types of QDIA options:
- Mutual GlidePath Portfolios - a series of nine target maturity date funds
- 401(k) Toolbox® Manage It For Me®* - an individually managed account, offered by PMFM, Inc.
*An annual rate of 1.25% will be assessed quarterly to participants using this service as a default investment.
Fiduciary Assistance Program
From plan and participant activity reporting to compliance monitoring to annual plan tests, we offer the resources, reports and services needed to help keep employer-sponsored retirement plans on track. Our fiduciary support services help participants make prudent investment decisions and give you confidence in knowing you have access to a team of investment experts to help protect you from potential liability and safeguard your employees' futures at the same time.
Contact your relationship manager to learn more.