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Why choose Securian Financial?

Service and expertise

Our numbers say it all

Why should you consider working with Securian Financial? Experienced retirement professionals, flexible investing solutions and simplified administration are just a few reasons.


The value of decades of experience*

Conversion managers Relationship managers Account managers ERISA plan consultants Investment specialists Customer service advocates
13 23 26 23 24 5

*Combined average years of experience as of 12/1/21

Successful long-term client relationships

High-touch service from long-tenured retirement plan specialists help Securian Financial stand apart from other retirement plan providers.

Calendar

13 years

Largest clients have been with us for 13 years

two people talking to each other

7 years

and with the same service representative for 7 years

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97%

Overall experience satisfaction rate1

Megaphone icon

92%

Three-year average net recommendation score in PLANSPONSOR DC Survey #1 in the category2

as of 12/31/21

Securian retirement plans retention 2018-2021

98%

2018

98%

2019

98 percent

2020

98%

2021

Take the next step

Learn more about Securian Financial’s retirement solutions.

Why work with us

Achieving retirement income goals of participants is the purpose of any retirement plan. Securian Financial supports that objective with an innovative, client-first approach. 

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Plan sponsor outsourcing strategies

Personalized, highly efficient services produce time savings for plan sponsors and support positive retirement outcomes for employees.

  • High-touch service from retirement specialists supported by technology
  • Plan design based on employer goals, budget and employee demographics
  • Loan payments from employee bank account via ACH means payments continue after termination with no employer involvement
  • QDRO outsourcing moves work from the employer to us
  • Hardship determinations completed by Securian rather than the employer
  • Terminated employee tracking and address updating with fees charged to employee account
  • Systematic withdrawals

ERISA 3(16) fiduciary service

Plan sponsors can also elect our ERISA 3(16) fiduciary program where most administrative tasks are transferred to Securian along with the fiduciary risk for performing those services.3

Fiduciary task Responsible party
  Securian Plan sponsor
Single plan document    
Provide contributions, employee census data    
Prepare, sign and submit 55004    
Process distributions: Review, approve, processes certain distributions    
Process loans: Payments via ACH, rate management, deem loans    
Determine eligibility: Initial mailings, enrollment materials, and online enrollment*    
Deliver required notices**    
Track terminated employees: Locating, updating with fees charged to employee account    
Provide online beneficiary elections    
Contribution rate management     
Calculate, track vesting    
Determine, process required minimum distributions    
1099-R reporting    
Determine HCEs4    
Perform annual compliance testing4    
Calculate test corrections4    
Process excess contributions and communicate directly to impacted participants    
Manage forfeitures    

*ERISA 3(16) fiduciary program not available on unbundled service platform.

**Securian Financial is not acting as a 3(21) fiduciary and is not responsible for investment fund selection.

Innovative investment approach

Over the years we purposefully avoided trends and focused on creating an investment approach that is innovative and fiduciary friendly.

Client-first investment practices

  • Revenue sharing is credited back to participant accounts daily, thereby 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.
  • Utilize the most efficient share class after revenue sharing and/or foreign tax credits have been credited back to help optimize expenses and maximize returns.5
  • Leverage sub-advised accounts whenever possible to provide more choice in capacity constrained asset categories or lower investment costs relative to mutual fund versions of the strategy.
  • Pricing is not affected by proprietary funds, mapping strategies or fund selections.

Extensive investment choice

Investments are available under an open architecture platform or the Securian Signature Series®.

Securian Signature Series

Plan sponsors may select the Securian Signature Series which offers a diversified investment array selected and monitored by the Securian Financial Due Diligence Committee.

  • Plan sponsors can appoint Securian as a platform level ERISA 3(38) fiduciary for the Signature Series
  • If appointed, an Indemnification Agreement is provided that outlines our fiduciary responsibility for the selection, monitoring and, if necessary, replacement of investments held in the array6

Open architecture platform7

Over 6,000 unique investment options without the distraction of multiple share classes of the same strategy

Comprehensive participant experience

Enrollment  via our mobile app, website or paper, the enrollment experience is simple and quick with one focus – get participants saving

Engaging educational tools and resources — podcasts, newsletters, videos and campaigns cover a variety of key retirement topics and offer insights to help develop healthy financial habits

Calculators and planning tools — provide employees with relevant savings and investing information at every stage of their life

Virtual and in-person meetings — support enrollment and educate on savings and investing strategies, financial wellness as well as your plan features to help ensure participants make the best use of your benefit

Spanish materials — enrollment, educational materials, the participant website and customer service advocates support Spanish speaking employees

Simplified investing strategies streamline participant asset allocation decisions — the solutions appeal to employees’ desired level of involvement and degree of personalization

Target pro portfolio infographic

Financial Wellness 360®

Our Financial Wellness 360® program is a truly holistic financial wellness program. It targets the real issues such as saving, reducing debt and getting on a monthly budget, and offers flexible solutions to meet the needs of your diverse workforce. Participants easily access all of the resources via our participant website.

Learn more about Financial Wellness 360

Certificate with seal of approval

DALBAR recognized

  • #1 online enrollment experience
  • #2 mobile enrollment experience
  • #4 defined contribution statement

2021 rankings

Seamless conversion and implementation

Multiple levels of support ensure a smooth transition

  • Conversion manager takes the lead and handles the details
  • Dedicated data exchange specialist helps ensure secure data transmission
  • Plan review to identify improvement opportunities
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95% Satisfaction with

the plan establishment experience

Securian Plan Implementation Survey as of 12/31/2021.

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

1. Securian Plan Sponsor Satisfaction Survey as of 12/31/2021. Satisfaction rating for clients with over $10 million in assets.

2. 2019 - 2021 PLANSPONSOR Best in Class DC Providers Survey Rankings, 2021.

3. ERISA 3(16) fiduciary program not available on unbundled service platform.

4. Not available on Enhanced TPA Solutions platform.

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

6. If appointed as a platform 3(38) fiduciary for a particular plan utilizing investment options available under Securian’s Signature Series® array, Minnesota Life Insurance Company has the sole responsibility for the selection, monitoring and, if necessary, replacement of the investment vehicles held in the separate accounts offered. Minnesota Life Insurance Company acknowledges its responsibility as an ERISA 3(38) fiduciary for the selection of providers of investment management services with respect to its separate accounts which are part of the Signature Series. Minnesota Life Insurance Company’s platform 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.

7. Please note that RIAs may limit their financial professionals’ ability to participate in offering an open architecture solution.

Target Pro® Portfolios are asset allocation services based on generally accepted investment principles, leverage employee data already in the plan and are created and maintained by a plan’s Registered Investment Advisor. The assets in the portfolios are held in a group variable annuity contract issued by Minnesota Life Insurance Company as selected by the plan sponsor. The underlying investments of the group variable annuity contract could be held in various investment vehicles. Securian Financial provides the administrative recordkeeping services for the portfolios. Stadion Money Management, LLC. provides the portfolio allocation services. Stadion Money Management, LLC. is not affiliated with Securian Financial Group, Inc. or Minnesota Life Insurance Company. The managed account allocation investment manager has the discretion to change investments utilized by the portfolios without notice. However, if the plan makes a change to its core investment lineup that also impacts the managed account portfolios, you will receive prior notification of the change. Fees associated with this service are described in your Participant Fee and Investment Notice, which is available at securian.com/retirement.

Target Age® and Target Risk™ Portfolios are based on generally accepted investment principles and consider an investor’s life expectancy and risk preference, respectively. These portfolios should not be construed as investment advice. A person should select investments based on personal goals and situation. The investment options that comprise Target Age and Target Risk Portfolios also can be selected separately outside of Target Age and Target Risk Portfolios. The investment options are not guaranteed and may increase or decrease in value.

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.

DOFU 5-2022
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