SOURCE: Securian

November 20, 2008 01:00 ET

Securian's Web-Based "Encyclopedia" Helps Plan Sponsors Address Fiduciary Duties

ST. PAUL, MN--(Marketwire - November 20, 2008) - Plan sponsors who find the fiduciary duties of their plan administration daunting can find many of their questions answered in an online guide published by Securian Retirement called Fiduciary Focus.

"Federal regulations about employers' and plan sponsors' fiduciary responsibilities are strict and complicated. Many plan sponsors are understandably nervous when carrying out these duties," said Rick Ayers, second vice president, Retirement Plan Sponsor Services. "Fiduciary Focus is an extensive reference tool organized to help them quickly find the information they need, enabling them to more effectively meet their fiduciary obligations."

In addition to covering investment-related fiduciary issues, the guide is a resource for addressing an extensive array of administrative fiduciary issues, which, although equally important, are sometimes overlooked. Additional resources in Fiduciary Focus include:

--  Key questions regarding plan sponsor fiduciary roles and
--  Definitions, summaries and descriptions of critical fiduciary topics;
--  Checklists covering a variety of key areas, including bonding,
    documentation, reporting and disclosure, and investment compliance;
--  A guide to 2009 plan limits;
--  An overview of support Securian offers to help plan sponsors manage
    their fiduciary risks.

As part of Securian's Fiduciary Management Program, Fiduciary Focus is available on to employers whose retirement programs are administered by Securian.

Securian Retirement, a unit of Securian Financial Group, has more than 70 years in the retirement market and serves more than 3,200 retirement plans with nearly $10 billion in assets as of June 30, 2008. Annuities and retirement plans are underwritten by Minnesota Life Insurance Co., a Securian affiliate and one of the most highly-rated life insurers in America.

Additional URLs:

Contact Information

  • Contact:
    Maggie Jensen, APR
    Securian Financial Group