At a glance
How do you help employers manage their 401(k)?
- 3(38) Fiduciary Services with Mesirow Financial® Fund Monitoring
- Over 30 investment options selected by Mesirow Financial
- Investment comparison reports
- Bundled services program for small employers
Security Benefit has partnered with Mesirow Financial® to create Security Benefit SecurePoint. Mesirow Financial is the contracted 3(38) investment fiduciary to plan sponsors who choose SecurePoint, and is also responsible for the selection, monitoring, and replacement of investments under the plan.
Employers are ultimately held responsible for the investment options offered within their retirement plan. But, ERISA law does allow for that responsibility to be transferred to an independent third-party.
The Security Benefit SecurePoint program transfers the investment fiduciary obligation and the associated liability to Mesirow Financial, an independent investment manager. Mesirow Financial is experienced in interpreting fiduciary requirements and contractually agrees to become the 3(38) fiduciary for your plan.
In addition to the 3(38) Fiduciary Services, Security Benefit provides the tools you need with our comparison reports. This will give you information to use with employers to see if their current plan investment line-up meets the fiduciary standard of care.
For more information (including financial professional fact sheets and resources), contact your dedicated Sales Team.
We’re here to help your clients To and Through Retirement®.