Workplace Retirement Program for ERISA Plans

At a glance

Product name: Workplace Retirement Program for ERISA Plans
Product type
Mutual Fund
Account type(s):
401(a)
401(k)
403(b) ERISA
457 Tax Exempt
Cost
Flexible to fit the Plan Sponsor’s needs
Strategy
Multiple investment options with 3(38) Fiduciary Services

A low cost bundled solution for employer-sponsored ERISA plans.

Key features
  • Low-cost Target Date Funds1
  • Streamlined Enrollment 
  • Low-cost Vanguard Index Funds and Mesirow Financial® Asset Allocation Models
  • 3(38) Fiduciary Services 

Security Benefit has partnered with Mesirow Financial to create Security Benefit Workplace Retirement Program. As the contracted 3(38) investment fiduciary to plan sponsors who choose Workplace Retirement Program for ERISA plans, Mesirow Financial is responsible for the investment selection, investment monitoring, and investment replacement under the plan. 

Security Benefit is unique because we distribute our products and platforms through independent financial professionals who live and work in your community. We want you to have the choice of who you want to work with versus providers who use captive representatives or an enroller.  

We have put together a streamlined enrollment process so you and your employees have an efficient way to make investment choices. We’ve included an investor quiz by Mesirow to help employees determine their risk tolerance along with three enrollment options.

Employees can choose:

  1. Vanguard Target Date Funds1
  2. Low-cost Vanguard Index Funds and Mesirow Asset Allocation Models
  3. Build your own portfolio

For more information contact your financial professional or call us at 800.747.5164, option 3. 

1The principal value of target date funds is not guaranteed at any time, including at or after the target date, which is the approximate date when investors turn age 65. The funds invest in a broad range of underlying mutual funds that include stocks, bonds, and short-term investments and are subject to the risks of different areas of the market. The funds emphasize potential capital appreciation during the early phases of retirement asset accumulation, balance the need for appreciation with the need for income as retirement approaches, and focus more on income and principal stability during retirement. The funds maintain a substantial allocation to equities both prior to and after the target date, which can result in greater volatility.

You should consider the investment objectives, risks, charges, and expenses of the mutual funds carefully before investing. You may obtain prospectuses or summary prospectuses (if available) that contain this and other information about the mutual funds by calling our Service Center at 800.888.2461. You should read the prospectuses or summary prospectuses (if available) carefully before investing. Investing in mutual funds involves risk and there is no guarantee of investment results.

The Mesirow Financial Investment Strategies division of Mesirow Financial Investment Management, Inc., an SEC-registered investment advisor (Mesirow Financial) has provided the following investment option information as a result of its qualitative and quantitative research process. It is the participant’s responsibility to select which investment options from this list meet the participant’s investment objectives and risk tolerances as Mesirow Financial has not selected these investment options on the participant’s behalf. Mesirow Financial retains all rights, title and interest in and to any pictorial, narrative or other written or graphical presentation of all other material contained herein. The Mesirow Financial name and logo are registered service marks of Mesirow Financial Holdings, Inc. © 2023, Mesirow Financial Holdings, Inc. All rights reserved. 

Security Benefit and its subsidiaries are not affiliated with Mesirow Financial.
 

The Security Benefit Workplace Retirement Program for ERISA Plans (CS) 401(k) and 401(a) products are Trust Accounts under §401 of the Internal Revenue Code. The Security Benefit Workplace Retirement Program for ERISA Plans (CS) 403(b)(7) ERISA product is a Custodial Account under §403(b)(7) of the Internal Revenue Code. The Security Benefit Workplace Retirement Program for ERISA Plans (CS) 457(b) Tax Exempt product is a Trust Account under §457(g) of the Internal Revenue Code.

Services are offered through and securities are distributed by Security Distributors, a subsidiary of Security Benefit Corporation (Security Benefit).