PORTLAND, Ore., Sept. 13 /PRNewswire/ -- The Standard has announced the launch of Mainspring Retirement Plan Solutions(SM). The new product name coincides with the addition of a managed account solution to its group annuity platform as well as an overall enhanced product and service offering now available for plan sponsors and their participants.
"Since the acquisition of Invesmart last year, we have been working toward our goal of being able to offer enhanced products and services to all our customers," said Kent Buckles, Vice President of Sales, Marketing and Advisory Services. "Creating a unique and memorable name allows us to deliver a unified product brand to the marketplace."
All retirement plan products and services provided by The Standard are now sold under the Mainspring name. Mainspring Retirement Plan Solutions includes three participant planning tracks -- Mainspring Managed, Mainspring Guided and Mainspring Independent. Mainspring Managed replaces the name Advice Path, which has been available through the trust platform since its inception in October of 2004.
The Mainspring solution is available through either the group annuity or trust product platform offered by The Standard.
As part of the new product name launch, new participant education materials have been created, including enhanced account statements, sponsor and participant newsletters, plan enrollment kits and online planning tools. Educational materials have been created for distribution channel partners of The Standard as well. The company is also running a new advertising campaign in selected trade publications.
The Standard has provided retirement plan services for more than 70 years. Full and recordkeeping-only services are available on a trust platform in all states and a group annuity platform in all states except New York. The Standard promotes a participant-centric approach with services such as Mainspring Managed, its managed account option for plan participants. For more information on The Standard's retirement services, visit http://www.retirement.standard.com/.
About The Standard
StanCorp Financial Group, Inc. ("StanCorp") through its subsidiaries marketed as The Standard -- Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, StanCorp Mortgage Investors, StanCorp Investment Advisers, StanCorp Real Estate, StanCorp Equities, and StanCorp Trust Company -- is a leading provider of financial products and services. The Standard serves approximately 8.2 million customers nationwide as of June 30, 2007, with group and individual disability insurance, group life and dental insurance, retirement products and services and investment advice. For more information about The Standard visit http://www.standard.com/.
Disclosure
StanCorp Equities, Inc., member FINRA/SIPC, distributes group variable annuity and group annuity contracts issued by Standard Insurance Company and may provide other brokerage services. Third party administrative services are provided by Standard Retirement Services, Inc. Investment advisory services are provided by StanCorp Investment Advisers, Inc., a registered investment advisor. StanCorp Equities, Inc., Standard Insurance Company, Standard Retirement Services, Inc., and StanCorp Investment Advisers, Inc are subsidiaries of StanCorp Financial Group, Inc. and all are Oregon corporations.
