CUNA Mutual Group said its retirement plan services have been recertified as meeting industry and Employee Income Retirement Security Act standards.
The recertification came from Mesirow Financial's Investment Strategies, a Chicago diversified financial services firm with $59.1 billion in assets under management, according to CUNA Mutual.
Meisrow Financial said the company's retirement plan services' investment selection and monitoring processes “are diligent and consistent with industry standards and ERISA fiduciary prudence standard.”
“We take our responsibilities as a service provider seriously. At the top of our priority list is enablement of our plan sponsors to meet their obligations as fiduciaries,” said Scott Knapp, CUNA Mutual director of investment strategy. “Our investment process recertification with Mesirow Financial takes us a long way down that path. We are gratified to have our investment process receive Mesirow Financial's independent review and endorsement.”
CUNA Mutual said it provides investment options and administrative services to employer-sponsored retirement plans and applies an initial screening and ongoing monitoring process with respect to the investment options included in its standard investment program available to plans.
“Our unbiased evaluation of CUNA Mutual's due diligence process offers advisors, plan sponsors and plan participants added assurance that CUNA Mutual's investment manager selection process is sound,” said Michael Annin, senior managing director of Mesirow Financial's Investment Strategies department.
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