Through our “open architecture” investment platform, the plan has the option of selecting from a universe of over 33,000 mutual funds offered through over 200 fund families, utilizing Institutional share classes with no proprietary mutual fund requirement. Our administrative services fee is transparent and revenue neutral – that is, it is not tied to any particular fund lineup selected by your client.
Administrative and recordkeeping services
Horace Mann offers everything you need to help you with administrative and recordkeeping services. We remove inconsistencies, redundancies, and errors. We streamline your recordkeeping process, reducing the potential for data inaccuracies. Our integrated recordkeeping system brings together all the plan pieces into one system. Horace Mann will help you manage the plan by providing customized annual plan administrative reviews to discuss operation performance, outline service elements and establish goals to ensure that Horace Mann is meeting expectations
Fiduciary support services
Many companies do not know their fiduciary responsibilities under the law. ERISA Section 409(a) imposes personal liability on fiduciaries that breach their duties, therefore, Horace Mann has partnered with SWBC Retirement Plan Services (SWBC) who specifically accept fiduciary status to help you meet any fiduciary standards, understand your fiduciary role and guide you towards meeting your fiduciary requirements. Our fiduciary services include:
- 3(16) – Administrative Services
- 3(21) – Investment Advisory Services
- 3(38) – Investment Management Services
These, and our many other services can help you meet and manage your fiduciary and compliance obligations – ensuring you have the appropriate processes and documentation in place.
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