Qualified retirement plan products and services
We offer a variety of retirement solutions, including 401(k), profit sharing, defined-benefit/pension and cash balance plans.
401(k) and profit sharing plans
Take advantage of our flexible, customizable 401(k) plan design options that are based on employer goals, budget and employee demographics.
You can select investment options from an open architecture platform offering over 6,000 unique investment options or choose from a lineup of funds offering 3(38) investment fiduciary support.
Our investment allocation portfolios based on age or risk tolerance help employees overcome confusion, maximize contributions and prepare for retirement readiness.
Profit sharing and matching contribution components are also available.
Defined benefit/pension plans
Differentiate yourself in the market and reward your employees with a valuable defined benefit plan – or pension plan – that pays a promised benefit at retirement.
Regardless of how the plan investments perform, the benefits participants receive will not change. What changes is the amount the employer is required to contribute to the plan.
Defined benefit plans are attractive for large companies that want to offer retirement security for their employees. Smaller firms with high-income employees may also enjoy the potential increase in tax benefits that come with greater retirement contributions.
Cash balance plans
Bridge the gap between a traditional defined benefit plan and a defined contribution plan with a cash balance plan.
Here’s how it works: an employer promises an employee a contribution equal to a percent of each year’s earnings and a rate of return on that contribution. Benefit amounts are unaffected by investment value fluctuations.
This plan is ideal for smaller employers with a reliable earnings stream to fund contributions every year and maximize benefits to employees nearing retirement age.
Pension risk transfer
With one of the strongest balance sheets in the industry, we’ve been fulfilling our promises to pay since 1880. But we recognize pension risk transfer (PRT) is about more than financial strength; it’s also about people.
At Securian Financial, we consider financial capital and human capital, fulfilling pension obligations to retirees and treating them as well as their employer would. We built our PRT business around this commitment and have demonstrated expertise in servicing retirees including administering defined benefit retirement plans since 1947.