Symetra Financial Teams With Mesirow Financial to Improve Choice and Flexibility in Small Business 401(k) Plans

Traditionally, larger employers have been more likely than smaller companies to offer employment-based retirement plans(1). However, most signs point toward long-term growth in the small business marketplace. Symetra's 401(k) program was developed to reach this underserved yet growing market.

"It can be difficult for small businesses to offer the same type of retirement plan benefits that large companies provide due to high cost and the limited options that are made available to them," said Scott Bartholomaus, vice president of retirement services at Symetra Financial. "Our goal is to give small businesses a broad selection of retirement plan options that are easy to administer, affordable and widely accessible to workers. Mesirow Financial shares this goal and this partnership will greatly enhance Symetra's 401(k) program."

"Through our role in the Symetra 401(k) program, small businesses now have access to professional analysis, expert fund selection and extensive research tools provided by an unbiased and independent expert," comments James C. Tyree, chief executive officer of Mesirow Financial. "This agreement underscores our long-term commitment to providing high-quality investment research services to small companies that enhance their retirement programs and ultimately benefit the workforce."