401GO Expands 3(38) Services Through Mesirow Partnership

Recordkeeper 401GO has partnered with Mesirow to offer outsourced 3(38) fiduciary services to 401GO clients.

Mesirow’s 3(38) fiduciary services will be integrated within the 401GO retirement platform and available to the approximately 1,400 financial adviser partners working with the 401GO recordkeeping system.

The partnership will launch with Mesirow’s 3(38) services, with planned future enhancements to include custom default solutions, and broader fiduciary and reporting solutions, the companies said.

This partnership is being added in addition to the ways advisers currently work with the 401GO platform, according to the press release. Advisers will continue to have the option to use 401GO as their 3(38) fiduciary under sister company GOInvest; create their own investment lineups from 401GO’s open architecture platform; or engage with asset management firms.

“Partnering with Mesirow, an industry pioneer in outsourced fiduciary services, is an important new step in 401GO’s evolution,” said 401GO Chief Growth Officer Stan Smith, in a statement. “Adding Mesirow’s services to our platform greatly expands our retirement plan offering, to the benefit of our many financial adviser partners and plan sponsor clients.”