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Retirement plans

Custom retirement plan solutions backed by our expertise

You can depend on Securian Financial for flexibility, expertise and outstanding service from people who truly care about doing what's right for our clients.

Our customers appreciate our technical capabilities and rely on us for a variety of plan types, custom plan designs, innovative investment solutions and administrative support.

We work with employers of all sizes, with a special focus on plans up to $200 million in assets.

Plan types available

All of our plans are fully customized specific to each organization’s needs. We offer variety of plan types, including:

  • 401(k)
  • 403(b)/457
  • Pooled employer plans
  • Profit sharing
  • Defined benefit
  • Cash balance

Client-first investment practices

Our investment philosophy puts customers first.

  • Revenue sharing is credited back to participant accounts daily, eliminating inequity in assessing plan costs to participants.

  • Foreign tax credits are credited back to the separate accounts that generated them, resulting in lower separate account expenses and optimized performance.

  • Use of the most efficient share class – after revenue sharing and/or foreign tax credits have been credited back – helps minimize expenses and maximize returns.1

Innovative investment choices

Securian Financial offers thoughtful, innovative investment platforms, including the unique practices utilized in both our open architecture platform and Securian Signature Series® programs. Our pricing is not affected by proprietary funds, mapping strategies or fund selections.

Open architecture

We offer a robust open architecture program with more than 6,000 unique investment options available, but without the distraction of multiple share classes of the same strategy that can clutter other open architecture platforms.

Our approach provides meaningful choice, fee levelization and transparency. The platform includes:

  • Actively and passively managed mutual funds
  • Collective investment trusts, including nonproprietary target-date and target-risk funds as well as stable value funds
  • Variable insurance trusts with a recent emergence of managed risk and managed volatility strategies
  • Institutional separate accounts

Securian Signature Series®

The Signature Series is a diversified investment array created by the Securian Due Diligence Committee through a rigorous selection and monitoring process to ensure that we continuously offer quality investments.

Plan sponsors have the option to appoint Securian as a platform level ERISA 3(38) fiduciary for the Signature Series.

Administrative outsourcing

We make plan administration easy for your clients, allowing them to focus on other work and leave the day-to-day details to us. The knowledge and expertise of our team allows employers to focus on their business because we provide a level of administrative support that’s typically done in house by the employer.

In addition to the standard services offered by most retirement plan providers, we offer more services at no additional cost, including:

  • Streamlined plan management
  • Fiduciary support
  • Loan processing using ACH payments
  • Enhanced distribution services for QDROS and hardships
  • Terminated participant tracking
  • Required notices management

An optional ERISA 3(16) fiduciary program is also available for employers that wish to transfer even more administrative tasks to Securian while mitigating their fiduciary risk.

Successful long-term client relationships

High touch service from long-tenured retirement plan specialists and innovative, fiduciary-friendly offerings help Securian Financial stand apart from other retirement plan providers. Satisfaction and retention results illustrate that clients value our approach.

 

Securian retirement plans retention 2018-2021

98%

2018

98% leaf dot | Content image

2019

98 percent

2020

98%

2021

Rely on our years of experience

 

Long-tenured employees* Years
Conversion managers 13
Relationship managers 23
Account managers 26
ERISA plan consultants 23
Investment specialists 24
Customer service advocates 5

*Combined average as of 12/1/2021

Retirement plans thought leadership

Plan on us to help you stay up-to-date in the ever-changing retirement plan marketplace.

Our white papers cover the latest topics in the retirement industry and are a great way to build your knowledge and share valuable information.

Read our white papers

Selling our plans

Contact a Securian Financial retirement wholesaler to learn more.

Find a wholesaler

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Retirement plans thought leadership

Plan on us to help you stay up-to-date in the ever-changing retirement plan marketplace.

Our white papers cover the latest topics in the retirement industry and are a great way to build your knowledge and share valuable information.

Read our white papers

1. Returns are maximized relative to all of the mutual fund share classes available for the investment strategy.

Securian Financial’s retirement plan products are offered through a group annuity contract issued by Minnesota Life Insurance Company or Securian Life Insurance Company, a New York authorized insurer. Minnesota Life is not an authorized New York insurer and does not do insurance business in New York.

Securian’s 3(38) fiduciary service does not include investment options selected by the plan level fiduciary that are not part of the Signature Series.  Individuals or firms selecting specific investments from the Signature Series for a particular plan are considered plan level fiduciaries and Securian is not responsible for the fiduciary decisions made by plan level fiduciaries.

These materials are for informational and educational purposes only and are not designed, or intended, to be applicable to any person's individual circumstances. It should not be considered investment advice, nor does it constitute a recommendation that anyone engage in (or refrain from) a particular course of action.  Securian Financial Group, and its affiliates, have a financial interest in the sale of its products.

For financial professional use only. Not for use with the public. This material may not be reproduced in any form where it is accessible to the general public.

DOFU 5-2022

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