MADISON, Wis. (1/10/12)--Mesirow Financial's Investment Strategies department has recertified CUNA Mutual's Group's Retirement Plan Services' investment selection and monitoring processes as diligent and consistent with industry standards and the Employee Income Retirement Security Act's (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's director of investment strategy. "Our investment process recertification with Mesirow Financial takes us a long way down that path."
CUNA Mutual provides investment options and administrative services to employer-sponsored retirement plans.
The company applies an initial screening and ongoing monitoring process to the investment options within in its standard investment program available to plans.