Epic Advisors & Mutual Of Omaha 401(k)
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Transcript of Epic Advisors & Mutual Of Omaha 401(k)
RMS Orlando EventFebruary 16, 2009RMS Orlando EventFebruary 16, 2009
For Discussion Purposes OnlyNot for Distribution
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Mutual of Omaha History
• Founded in 1909
• 65 Years providing employee benefit solutions
• Retirement Plan Services since 1962
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Our Strength and Size
• More than 6000 retirement plans*
• Strong ratings from all major agencies**
– A.M. Best Company, A+ (Superior – second highest of 16)– Moody’s Investors Service, Aa3 (Excellent – fourth highest of 21)– Standard & Poor’s, AA- (Very Strong – fourth highest of 21)
• Core focus on small to mid-size plans ($1m - $20m of plan assets)
*Total number of plans being served by Mutual of Omaha Retirement Plans Division
**Ratings as of 12-15-08
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Brand Sponsorships
• USA Swimming– USA swimmers and swim clubs
nationwide
• Professional Golf– PGA, LPGA and Nationwide
Tours
• Wild Kingdom– Pioneered the format now
common to nature shows
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• Why Mutual of Omaha?
• Investment Selection / Fiduciary Support
• Individually Managed Account Option
• Service Model
Topics of Discussion
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Fiduciary Support
A Three-Tiered Approach to Fiduciary Support
Callan
Mesirow
PMFM
For Discussion Purposes OnlyNot for Distribution
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Callan Associates Inc., Product-Level Oversight
• Consultant on almost $1 trillion in plan assets*
• Provides strategic investment consulting for Mutual of Omaha’s
retirement-savings product
• Ongoing performance monitoring and evaluation
• Managers that no longer meet investment criteria are replaced
• Quarterly due diligence reports
*Includes plans outside of Mutual of Omaha.
Callan
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Mesirow Financial - Plan-Level Guidance
• Co-Fiduciary to the plan – they will defend their process
(acknowledgement of fiduciary responsibility in writing)
• Investment policy statement
• Investment selection and monitoring performed quarterly
• The Mesirow Financial P.O.L.I.C.E. (due diligence) Reports issued
quarterly
• The Mesirow Financial Elite fund lists
Callan
Mesirow
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Investments Chosen are from Leading Investment Managers
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Mutual Directions® Professional Investment Portfolios
High
Ris
k T
oler
ance
/Ret
urn
Obj
ectiv
es
Low
Mutual Directions 2
Mutual Directions 3
Mutual Directions 4
Mutual Directions 5
Mutual Directions 1
Short Time Horizon Long
Stocks
Bonds
Fixed Income
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Mutual GlidePathSM Portfolios
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401k Toolbox®
Tim McCabe – Senior VP Sales
Callan
MesirowPMFM
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401k Toolbox®
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401k Toolbox®
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401k Toolbox®
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401k Toolbox®
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401k Toolbox®
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401k Toolbox®
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401k Toolbox®
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401k Toolbox®
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401k Toolbox®
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401k Toolbox®
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401k Toolbox®
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401k Toolbox®
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401k Toolbox®
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PLANSPONSOR Magazine October 2007
For Discussion Purposes OnlyNot for Distribution
PMFM ToolboxIndividually Managed Account
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401k Toolbox®
Tim McCabe800-222-7636
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• Online storage of fiduciary documents for plan sponsors
• Mutual of Omaha will automatically store documents at plan set up
• Mutual of Omaha will post ongoing updates
• Plan Sponsor can add their own customized documents to the site to meet their needs
What is FOCLpoint
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Enrollment Meetings / Options
• Meetings performed by Relationship Manager coordinated with
advisor
• Default Enrollments (mapped, or QDIA)
• Webex Enrollment
• Enrollment Booklets - Paper
• Online Enrollments – Telephonic or Electronic
For Discussion Purposes OnlyNot for Distribution
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Plan-Level Services*
• Provide an Investment Policy Statement
• Annual Plan Reviews – (on site with Omaha Relationship Manager)
• Enrollment support on cases above $500,000
• Relationship Managers assigned to every case
• Home Office presentation support on cases above $1 million
• TPA and Full-Service models
*Services vary by service agreement and plan.
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Participant Services – Projection Planner Statements
• Personalized Statements can be generated to show participants if they are on track for retirement
• Offer suggested changes in contributions to help them get on track
• Assembled in English or Spanish
• Delivered to either plan or each participant’s address
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Flexible Service Options
Quarterly Statements and Newsletter
Telephone Assistance for Participants
7:00 am–7:00 pm CT
Online Account Access and Transaction Capability
Automated Telephone Service
For Discussion Purposes OnlyNot for Distribution
Comprehensive Participant Services
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Participant Services – Education Flyers
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TECKMEYER FINANCIAL SERVICES
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Testament to Our Service Model*
• 98% retention rate among existing clients
• Over 99% Asset Retention Rate
*Based on 2007 Retention Rate for Controllable Plans