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."
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