The Standard recognizes that retirement plans require support from specialists. And the need for such support starts before the plan is established and continues throughout the life of the plan.
How smoothly a plan runs and how successfully fiduciary issues are addressed depends to a significant extent upon the experience of the pension representative in the field. Knowledge of pension laws and principles, as well as a thorough grasp of the administration system, are critical when discussing and designing a plan. An understanding of the services and plan features that participants want, along with the ability to effectively educate employees about the plan, can make the plan more valuable to both the employees and the employer.
While such issues are often considered when a plan is first transitioned to a new provider, they don't ever go away. Changes within a firm, such as an acquisition or the sale of a division, can have a significant impact on the operation of a plan.
The Standard's pension representatives are retirement plan specialists. They are responsible for only one product line – retirement plans – and have years of experience in the field. They can draw upon their knowledge of both defined contribution and defined benefit plan options to find the right solution to meet the unique needs of any client.
Pension representatives are supported by The Standard’s home office staff of nearly 220 professionals, including:
Many of our specialists have professional designations from the American Society of Pension Professionals & Actuaries (ASPPA) and the National Institute of Pension Administrators (NIPA).
The Standard has a proud tradition of delivering excellent products and services to its retirement plan clients since the 1930s.
To learn more about any of The Standard's retirement plan offerings, contact your insurance broker or your local Standard Insurance Company sales office.
The Standard can help your firm fulfill the promise of a secure and comfortable retirement for your employees.