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The Standard Launches Mainspring Retirement Plan Solutions(SM)
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") ( SFG) 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.
SOURCE The Standard













