CUNA Mutual Group has formed a five-person committee to assure plan sponsors that the investment options in one of its 401(k) programs have been thoroughly screened and monitored.
The Retirement Plan Services Investment Committee will use research, analytical studies and monitoring to provide due diligence reporting behind every investment option available in the Choice 401(k) retirement program, the company said. CUNA Mutual said it has engaged Mesirow Financial to provide an independent review and certification.
The Choice 401(k) program uses a group annuity platform and offers more than 75 different sub-account choices from a variety of investment managers. Tom Eckert, CUNA Mutual vice president of retirement plan services, said, "We want our plan sponsors to know that every investment option available in their plan has been thoroughly screened and monitored."
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