The Standard Enhances Flexibility of Retirement Plan Services
March 15 2012 - 5:00PM
Business Wire
Standard Retirement Services, Inc. (“The Standard”), now offers
advisors more customized retirement plan solutions for their
clients. After listening to feedback from the advisor community,
The Standard has responded with a more flexible service offering in
which advisors can now choose from a broader suite of services to
select those services that best complement their practices and
mitigate their risks.
“The heart of our support has always been a service offering
that allows us to adjust what we provide based on each advisor’s
capabilities,” said Dan Hall, vice president of Retirement Plan
Sales. “We believe this produces an alliance that complements the
expertise that advisors bring to their clients while ensuring that
the plan and its participants have access to a full range of
services.”
Advisors who partner with The Standard have the power to design
a customized retirement plan solution that works to address each
client’s unique needs. This begins with The Standard’s essential
plan services, which include recordkeeping and online tools, as
well as employee services, including a participant call center,
quarterly newsletter and enrollment communication materials.
Advisors can then select which additional services, if any, they
want to provide to each client and which services they would like
The Standard to handle. Advisors can choose from the following menu
of services:
- Recordkeeping and financial
services — Advisors can choose the appropriate investment
platform for their plans. Both the Net Asset Value (NAV)
open-architecture and group annuity platforms offer nonproprietary
mutual funds and full fee transparency.
- Administration — The Standard
can support advisors with a full range of administrative services,
including plan document preparation and amendment, Form 5500
preparation and compliance testing. When providing full-service
administration, Standard Retirement Services can assume ERISA 3(16)
fiduciary responsibility for certain key aspects of plan
administration.
- Investment Advice — StanCorp
Investment Advisers, Inc., can provide ERISA 3(21) and 3(38)
plan-level advice for investment selection, monitoring and
removal.
- Participant Services — The
Standard can support retirement readiness by conducting enrollment
meetings and ongoing participant communication and education. In
addition, advisors can offer The Standard’s Mainspring ManagedSM
account service.
- Plan Consulting — The Standard’s
local relationship managers can either work directly with employers
or support advisors in the ongoing review of the plan’s operations,
regular communications highlighting issues of importance to the
plan, periodic evaluations of the plan’s success in meeting goals,
and recommendations for enhancements or changes to the plan.
“We realize that employers look to their advisors when it comes
to choices for their retirement plans,” Hall said. “Advisors can
look to The Standard and our flexible service offering for
customized solutions that maximize the value that they can offer
their clients and help employees reach retirement readiness.”
Disclosure
StanCorp Equities, Inc., member FINRA, distributes group annuity
contracts issued by Standard Insurance Company and may provide
other brokerage services. Third-party administrative services are
provided by Standard Retirement Services, Inc. Investment advisory
services are provided by StanCorp Investment Advisers, Inc., a
registered investment advisor.
About The Standard
The Standard is a leading provider of financial products and
services, including group and individual disability insurance,
group life, AD&D, dental and vision insurance, retirement plans
products and services, individual annuities and investment advice.
For more information about The Standard, visit
www.standard.com.
The Standard is the marketing name for StanCorp Financial Group,
Inc., and its subsidiaries: Standard Insurance Company, The
Standard Life Insurance Company of New York, Standard Retirement
Services, Inc., StanCorp Mortgage Investors, Inc., StanCorp
Investment Advisers, Inc., StanCorp Real Estate, LLC, and StanCorp
Equities, Inc.
Stancorp (NYSE:SFG)
Historical Stock Chart
From May 2024 to Jun 2024
Stancorp (NYSE:SFG)
Historical Stock Chart
From Jun 2023 to Jun 2024