Securian Introduces Retirement Plan for Small Employers

Securian Financial Group introduced “ReadyPlan,” which it says iis a stress-free, fiduciary-friendly way for small employers to provide retirement plans to their workers.

ReadyPlan is easy to manage, offers a streamlined investment process and supports the ability of employees to save for a comfortable retirement, the firm says.

Features include:

• An Employee Retirement Income Security Act (ERISA) 3(16) fiduciary service that transfers time-consuming administrative tasks to Securian;
• An ERISA 3(38) investment fiduciary service provided by third party investment experts that take on the responsibility for managing the plan’s investments;
• High-touch customer service from Securian retirement plan specialists; and
• A relevant and targeted employee experience, from enrollment through retirement.

“ReadyPlan incorporates the key features of an effective plan while transferring the majority of the work to retirement specialists—making it easy for employers to stay focused on running their business,” says Rick Ayers, Securian’s retirement plans division vice president.

“For advisers, whether you have multiple plans or are new to the business, ReadyPlan’s simplicity means reduced time commitment and the potential for increased operational efficiency,” adds Steve Chappell, Securian’s vice president of retirement plan sales.

While ReadyPlan is designed for small employers, Securian’s new ERISA 3(16) fiduciary service is available to employers of all sizes utilizing any of Securian’s retirement plan products, including defined benefit (DB) plans.