Mutual of Omaha Taps Stadion Money Management’s Small Plan 401(k) Solution for Its Retirement Platform
Wednesday, September 21st, 2016
Stadion Money Management, known for its defensively-oriented philosophy and strategies using ETFs, announced Mutual of Omaha Retirement Services has added Stadion’s StoryLine small business 401(k) solution to its retirement platform.
StoryLine, built with SPDR ETFs, is a break-through retirement planning solution built specifically for 401(k) participants in advisor-sold small-market plans. StoryLine takes plan customization to an entirely new level, which Stadion sees as a distinct improvement over “one size fits all” target date strategies.
“A common problem we see in the retirement landscape today is that many plan participants are asking for professional advice and tailored solutions but it’s simply not made available to them,” said John Corrieri, Vice President, 401(k) at Mutual of Omaha Retirement Services. “StoryLine helps us give all of our plan participants the opportunities to prepare for retirement. This service enhances the customer-focused approach we’re known for and is filling an important void.”
StoryLine’s innovative approach recognizes every plan sponsor and employee as unique. The StoryLine process first seeks insight into the overall plan make-up with the intent of tailoring default options for each individual company. Then, with Stadion’s participant-centric web interface, employees will be encouraged to further define their individual investment paths based on personal risk profiles, expectations, and goals. StoryLine will also allow – at the employee’s discretion – the inclusion of outside and spousal assets to facilitate more comprehensive retirement planning. The end goal of this is to have each participant on a path personalized to their own circumstances and needs.
StoryLine helps financial advisors deepen their relationships with sponsors and participants by engaging them at the plan level with tailored solutions. In turn, sponsors are able to offer their employees access to individual personalized planning that goes beyond typical age- and risk-based investment strategies.
“We’re delighted that Mutual of Omaha has elected to make StoryLine available on its platform,” said Tim McCabe, Senior Vice President and National Retirement Sales Director at Stadion. “They see in this solution precisely what we set out to develop – a democratization of the retirement planning process so that all participants have access to the best solutions and advice available.”