Mutual of Omaha Marks 10-Year Anniversary of ‘Mutual Directions’ Retirement Funds
Omaha, Neb. – (January 29, 2008) For the past decade, plan sponsors and plan participants alike have been turning to Mutual of Omaha’s Mutual Directions professional investment portfolios to help prepare for retirement.
Among the first series of diversified, risk-based “lifestyle” portfolios in the industry, Mutual Directions was introduced in 1997 through an innovative arrangement between Mutual of Omaha and Callan Associates, Inc. Mutual of Omaha enlisted Callan to bring the best concepts and practices of the institutional marketplace to the smaller 401(k) plan market. Together they created Mutual Directions, a series of five professional investment portfolios designed to meet the diverse needs of investors.
Ten years later, Mutual Directions has a solid track record of consistent performance over a time period that included drastic market fluctuations. Not only have the portfolios consistently performed according to their risk profiles, in many cases, they have exceeded many established performance benchmarks, including the S&P 500 index.
“We’re very proud of Mutual Directions and our track record as one of the first providers to develop risk-based asset allocation models for plan sponsors and participants of all sizes,” said David Ahrendt, vice president of Retirement Services at Mutual of Omaha. “The success of Mutual Directions is just one example of our commitment to providing plan sponsors with cutting edge, non-proprietary investment options that are among the best in the industry.”
Highlights of the Mutual Directions series include:
- Five diversified portfolio options, ranging from conservative to aggressive
- Multiple asset classes selected to meet different time horizons, risk tolerance and return objectives
- Continual monitoring by a professional Investment Manager Oversight Committee
- Quarterly rebalancing of portfolios
“When Mutual of Omaha engaged Callan to help develop the Mutual Directions funds, few providers appeared to recognize the advantages lifestyle funds offered to participants and plan sponsors,” said Gordon Dickinson, senior vice president of Callan Associates, Inc. “Mutual of Omaha’s foresight has resulted in a 10-year record of success that few 401(k) providers can claim.”
For more information about Mutual of Omaha’s Retirement Services and the Mutual Directions series, visit www.getretirementright.com.
Mutual of Omaha is a full-service, multi-line provider of insurance and financial services products for individuals, businesses and groups throughout the United States. Founded in 1909, Mutual of Omaha and its affiliate companies are ranked among the Fortune 500.
