|[March 15, 2012]
The Standard Enhances Flexibility of Retirement Plan Services
PORTLAND, Ore. --(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 fortheir 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."
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
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.
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