Securian Pulls Back Curtain on New Plan Product

April 22, 2003 ( - Securian Retirement Services has unveiled a new retirement plan product for mid-sized businesses.

Securian, a business unit of Minnesota Life, said Securian SelectPlan, offers the choice of a pre-selected array of investments or a custom array chosen from more than 45 different options. Those options are monitored by Securian’s due diligence program, which includes an annual, independent analysis performed by Watson Wyatt Investment Consulting, along with quarterly internal reviews The results of Securian’s due diligence process are made available to plan sponsors, giving them a tool for performing their own due diligence reviews.

Plan sponsors choosing Securian SelectPlan can benefit from SelectPlan’s pricing flexibility that rewards plan sponsors with expense reductions as plan assets grow. Securian SelectPlan also offers advisors a variety of compensation options along with sales and client servicing support.

SelectPlan is designed for employers with $250,000 to $2 million in annual contributions or $1 million to $10 million in existing assets.