Better Together — Get Details on Our New Offerings
Since our acquisition of Securian Financial’s retirement plan recordkeeping business, you’ve seen our two teams come together with one unifying message: Every decision we make is about serving you — our advisors, third party administrators and clients.
Better together means more than just enhanced service. It also means bringing the best of both organizations to you with diversified products and services.
Now that we’ve put the final touches on some new offerings, we’re excited to give In the Loop readers a first look. This is the first of many enhancements we’ll tell you about in the coming months. Check out the list and connect with us for more details.
Pooled Employer Plans
Make retirement plan adoption more accessible and attractive to businesses of all sizes by offering Pooled Employer Plans. With a PEP, employers can outsource certain tasks to a plan provider. A properly constructed PEP offers your clients real-time savings and risk mitigation, along with a competitive benefit for their employees. Plus, a PEP can help you focus more on things that truly affect participant outcomes.
Foreign Tax Credits
Help clients benefit from the way we return foreign tax credits to plan participants. We’re working on adopting this practice from our Securian team members, who returned $3.5 million in foreign tax credits to clients in 2021 alone. Foreign tax credits apply to certain separate accounts that earn tax credits from foreign securities.
Expanded Investment Options
As always, we have two investment platforms to choose from — Group Annuity and Net Asset Value. We’re expanding our Group Annuity platform to include more options. It will now offer access to more than 800 funds from more than 50 fund families, and there are no proprietary fund requirements. Plan sponsors and advisors can request fund additions if they meet certain conditions.
Our NAV platform will continue to offer:
- Open architecture
- Access to a wide universe of mutual funds and collective trusts
- No proprietary fund requirement
- Disclosure of all plan fees
Alert your clients to financial wellness resources through our partnership with EnrichTM. Enrich is a service offered to all clients and their participants at no cost. It’s an easy-to-use platform — no username or password to remember — that uses artificial intelligence to deliver relevant content to participants. It also prompts them regularly to check in on their financial stress rating and overall financial health.
Need more information about our new offerings? Contact your representative at The Standard.