More Than $8 Million in Foreign Tax Credits Returned to Participants

For our qualified retirement business, we return foreign tax credits from certain separate accounts to participants’ retirement accounts.

New reporting shows that we passed back more than $8 million in foreign tax credits in 2024. We passed the credits back to separate accounts with a daily credit throughout the year.

This practice results in lower separate account expenses, which can lead to increased performance for participants receiving these credits.

“Returning foreign tax credits — rather than keeping them — is the right thing for us to do,” said Brody Geist, divisional vice president at The Standard. “Crediting $8 million to participants showcases our commitment to deliver value to the participants and plans we serve.”

Contact your representative at The Standard to learn more about this feature.