GIC for Defined Contribution Plans
Sold to 401(k) plans and defined contribution plans qualified under IRC Section 401(a), the GIC for Defined Contribution Plans provides a one-month deposit period and daily unit value reporting of invested funds.
This contract accepts deposits for investment terms of three to nine years, earning interest at rates that are net of expenses. Interest rates are declared at the beginning of each month and applied to deposits made during that month. Payment of withdrawals are made according to a pro rata determination based on the ratio of the amount of fixed-interest assets invested in the contract to the total amount of the plan's fixed-interest assets.
How to Submit Business
Quotations may be submitted by calling 1-800-843-2455, or by faxing a quotation request form to (402) 351-2176, Attn: Institutional Investment Sales. United of Omaha Life Insurance Company will provide individual quotes within 24 hours of a request.
We look forward to hearing from you and learning about your investment needs. For detailed information on any of our group retirement products, please contact one of our regional Retirement Plans Sales Managers.