Security Benefit Corp. is partnering with Mesirow Financial to launch a new 401(k) product with fiduciary protection.

Expected to be released in the first quarter of 2012, SecurePoint Retirement will combine the 3(38) ERISA fiduciary capabilities offered by Mesirow Financial's Investment Strategies Group in a package that includes the firm's investment selection, monitoring and replacement services.

"SecurePoint Retirement puts us very much at the forefront of the small- and mid-size retirement plan market," said Kevin Watt, senior vice president at Security Benefit. "With Mesirow Financial at the table, we will offer a platform that removes questions about fiduciary responsibility regarding investment management responsibilities for a plan's investments."

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.