Mutual of Omaha's retirement plans division has expanded its investment lineup by adding 20 new, nonproprietary funds from 11 different investment managers, including time-based retirement funds from Vanguard Target Retirement Funds.

With the addition of the Vanguard Target Retirement funds, Mutual of Omaha now offers three Qualified Default Investment Alternatives (QDIA) to plan sponsors with differing approaches and significant flexibility for both advisors and plan sponsors.

In addition to Vanguard Target Retirement Funds, other new funds include: Templeton global total return fund; Goldman Sachs small cap value fund; John Hancock disciplined value mid-cap fund; and Lord Abbett value opportunities fund.

It also include MFS value fund; Waddell & Reed new concepts fund; Dodge & Cox International stock fund; Franklin International small cap growth fund; Nuveen Tradewinds global all-cap fund; Wells Fargo advantage emerging markets equity fund and Stadion Tactical Fund.

Mutual of Omaha 401(k) product-line director Tim Bormann said Mutual’s GlidePath funds are characterized by a multi-manager approach, using a combination of actively and passively managed investments, while Vanguard Target Retirement funds are comprised of Vanguard’s passively managed index funds.