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Deals & People February 26, 2008
Mutual of Omaha Puts Out TPA Service
Mutual of Omaha is now offering plan sponsors a retirement platform that integrates with existing third party administrators.
Reported by Fred Schneyer
The new third party administrator (TPA) solution provides plan sponsors with access to Mutual of Omaha’s menu of investment options, recordkeeping services, participant education programs, and personalized customer service, while allowing the TPA to handle testing and reporting functions, the company said in a news release.
Mutual of Omaha’s TPA solution provides TPAs with loan amortizations and tracking, vesting calculations, and 1099R reporting – in addition to the all of the standard services offered by a typical TPA model product.
“We understand that plan sponsors are looking for flexible options when it comes to their retirement plans,” said David Ahrendt, vice president of Retirement Services at Mutual of Omaha, in the release.
More information is available at www.getretirementright.com.