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OMAHA, Neb. – Mutual of Omaha Retirement Services 401(k) customers now have a new tool to benchmark their plans and identify changes that will help plan participants successfully prepare for retirement.
Mutual’s Plan Health Assessment provides retirement plan advisors and their employer clients with a thorough and straightforward summary of their 401(k) plan’s overall health, industry and plan size benchmarks, and recommendations for improving participation and outcomes.
“We built the Plan Health Assessment tool because it is consistent with our strategy of bringing large plan functionality to the small to mid-size 401(k) market,” said John Corrieri, Vice President of 401(k).
“We believe this new tool will provide important information that will make it easier for financial advisors and employers to evaluate and implement changes that will ultimately help improve retirement outcomes for American workers,” he said.
Because financial advisors are important intermediaries between plan providers and the employers who sponsor 401(k) plans for their employees, the Plan Health Assessment is designed to allow advisors to review plan goals, plan design, education and communication with their clients, Corrieri said.
The Plan Health Assessment is available at no charge to Mutual of Omaha Retirement Services 401(k) clients.
For more information about Mutual of Omaha Retirement Services’ Plan Health Assessment and other retirement products and services, visit www.sellretirementright.com