This nonparticipating Single Deposit GIC guarantees both principal and interest at a fixed rate until maturity. Funds deposited to the contract are held as a part of United of Omaha's General Asset Account. The contract includes book value availability for plan benefit payments, participant-directed transfers, and other withdrawals required by the plan trustee or collective trust fund and authorized by the contract.
Designed for trustees of plans qualified under IRC Section 401(a), including 401(k) plans, this product also may be sold to collective trust funds composed of 401(a), 401(k), and governmental 457 plans (based on our underwriting requirements).
For more information, please contact John Fischer at John.Fischer@mutualofomaha.com.