Securian Retirement Clients “Extremely Likely To Recommend” Securian as Retirement Plan Provider
Contact: Maggie Jensen, Media Relations Consultant, 651-665-7558
St. Paul, MN, March 16, 2011 – If word-of-mouth recommendations are the best advertising, the word among employers about retirement plan provider Securian Retirement is a big positive buzz.
In an analysis of more than 3,000 micro market clients who retirement plans hold $5 million in assets, PLANADVISER magazine found that more than 94 percent (94.4%) of Securian Retirement’s micro market clients are “extremely likely to recommend” Securian to a friend or colleague. No other micro market provider received a higher score in the survey. The analysis uses data collected from PLANSPONSOR magazine’s annual 2010 Defined Contribution (DC) Survey.
With 22 “best in class” service awards in the micro market, Securian also was one of only four providers recognized by PLANSPONSOR as leaders in service excellence across the survey’s five main asset classes.
“We focus on the products and services employers value most and the survey shows our efforts are on target,” said Bruce Shay, executive vice president, Securian Financial Group, Inc. “Employers clearly appreciate our customer service. The survey shows they also like the assistance we provide with fiduciary matters, employee education programs, and plan design.”
Securian’s participant education services yield results. Across all asset classes, 42.4% Securian clients who responded to the 2010 DC Survey had adopted auto enrollment. That compares favorably to the national average of 38.4 percent, according to the Profit Sharing Council of America.
Most recently, Securian started marketing a 3(38) investment fiduciary service that helps plan sponsors, advisors, and benefits brokers understand their fiduciary responsibilities. The service provides strategies for managing the risk associated with those responsibilities.
Visit the PLANSPONSOR web site for more information about the survey rankings and methodology.
Since 1880, Securian Financial Group and its affiliates have provided financial security for individuals and businesses in the form of insurance, investments and retirement plans. Now one of the nation’s largest financial services providers, it is the holding company parent of a group of companies that include Minnesota Life Insurance Company.