At a glance
Product name: SmartChoice Retirement Program
Product type
Mutual Fund
Minimum purchase
Employer Plans with total assets above $2 million.
Cost
Flexible to fit the plans needs
Strategy
Choose from a broad set of investment options to build a custom lineup for employer based retirement plans
SmartChoice is designed to give financial professionals more.
Key features
- Fiduciary Services Options for ERISA Plans:
- Advisor-based Fiduciary Services – allows the advisor to serve as 3(21) or 3(38) ERISA Investment Fiduciary.
- Outsourced Fiduciary Services from Mesirow Financial – allows Mesirow Financial to serve as the 3(21) or 3(38) ERISA Investment Fiduciary.
- Administrative 3(16) Fiduciary Services
- Open Architecture
- Access to over 20,000 mutual funds
- No proprietary mutual fund requirements
- TPA
- Flexibility to use any TPA or bundled with Security Benefit
Standard Features for Every Plan
- Platform Consistency: one platform, multiple plan types
- Plan Sponsor access, reports, approvals online
- Participant online access for account review and transactions
- Participant Managed Account option from Morningstar
- Online Enrollment: Quick Enroll Option
- My Security Benefit mobile app for SmartChoice participants to view and manage their accounts
More options in funds, more compatibility with different platforms, and more services for employers and their retirement plans.
If you would like information about SmartChoice, a plan proposal, or a comparison report, please contact one of our sales specialists at 800.888.2461, option 3, from 8 a.m. to 7 p.m. (Eastern Time), Monday through Friday.
*To receive your free comparison report, please have ready: Recent Plan Level Quarterly Report; Fee Disclosure Documents, 408(b)(2) and 404(a)(5); and TPA Invoice (for 5500 form).
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