Products May 27, 2003

Securian Unveils "Prudent Expert" Assist

May 27, 2003 (PLANSPONSOR.com) - Securian Retirement Services has introduced a new tool to help plan sponsors meet their fiduciary responsibilities.
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The Securian Array Analyzer supports plan sponsors in meeting Employee Retirement Income Security Act (ERISA) requirements t o act as “prudent experts” in managing plan investment options. Among the product features are a due diligence program, including anannual independent analysis by Watson Wyatt Investment Consulting andquarterly reviews by the Securian due diligence committee, according to a press release.

Array Analyzer works through a scoring system to scan for:

  • Investmentdiversity
  • Missing investment styles
  • The latest ratingsfromSecurian’s independent due diligence report.

Securian service associatesreview the results with clients and work with them to ensure otherimportant fiduciary tasks are performed, including investment policystatement updates, enrollment meetings, and participant investmentcommunications.

The resultshelpplan sponsors perform ongoing due diligence reviews. Securian also helpsplan sponsors document investment option selections and the duediligenceprocess by providing an investment policy statement, according to the firm.

More information is available at  www.accuserveonline.com .

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