Mutual of Omaha added a 457(b) retirement platform to its lineup of retirement solutions, available nationwide to government plan sponsors and their employees.

Underwritten by Mutual of Omaha affiliates United of Omaha Life Insurance Co. and Companion Life Insurance Co., the new 457(b) retirement solution is designed to satisfy the regulations and requirements for retirement plans administered by state and local governments and agencies.

The insurer said highlights of the product include a comprehensive lineup of investment options, including risk-based and time-based asset allocation portfolios; comprehensive recordkeeping and plan administration support; and tax compliance and plan document support by a national TPA specializing in 457(b) plans.