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
- Fi360 investment comparison reports
- Bundled services program for small employers
Security Benefit has partnered with Mesirow Financial® to create Security Benefit SecurePoint as the contracted 3(38) investment fiduciary to plan sponsors who choose SecurePoint. Mesirow Financial is responsible for the investment selection, investment monitoring, and investment replacement 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 Fi360 reports. This will give you an investment comparison report that you can use with the 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®.