Omaha, Neb. – (November 9, 2009) Mutual of Omaha, a leading provider of group benefits, has added a 457(b) retirement platform to its comprehensive lineup of retirement solutions. The new 457(b) option is now available nationwide to government plan sponsors and their employees.
Underwritten by Mutual of Omaha affiliates United of Omaha Life Insurance Company and Companion Life Insurance Company, the new 457(b) retirement solution is designed to satisfy the unique regulations and requirements for retirement plans administered by state and local governments and agencies. Highlights of the product include:
- A comprehensive lineup of investment options, including risk-based and time-based asset allocation portfolios, individually managed account options and a self-directed brokerage account with access to unlimited fund choices
- Fiduciary support, including product-level investment oversight, plan-level guidance from third party experts and participant-level professionally managed account options
- Comprehensive recordkeeping and plan administration support, including online access to plan data, installation and conversion support, flexibility for a wide range of payroll formats, contribution and distribution processing, quarterly reporting, custodial and trust services and 1099-R services
- Tax compliance and plan document support by RSM McGladrey, Inc., a national TPA specializing in 457(b) plans
- Ongoing customer service and education, including enrollment support, a dedicated relationship manager, 24-hour plan access and convenient online services
For more information, visit www.getretirementright.com.
Founded in 1909, 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. With a client base of nearly 17,000 employer groups nationwide, Mutual of Omaha offers a wide range of plan designs and delivery options for employee benefits, including disability, life, dental, voluntary, special risk and retirement plans.
