The Standard Surpasses $1 Billion Milestone in PEP Assets

PORTLAND, Ore.--(BUSINESS WIRE)--The Standard announced the company has surpassed $1 billion in pooled employer retirement plan assets under administration.

“Successful PEPs reflect the strong partnerships that allow us to provide retirement products that work for everyone,” said Ted Schmelzle, second vice president of retirement plan services at The Standard. “Our PEP strategy is a natural extension of our approach to standalone plans, which is based on our strong customer service proposition, industry-leading fiduciary responsibility programs and emphasis on providing easy-to-implement solutions for employers.”

Employers are busier than ever and it is clear they are time-strapped and eagerly seeking relief. These factors created an ideal environment for The Standard’s PEP solution, a private-labeled offering advisors have been quick to embrace. The result is more efficient teams and significantly reduced time spent by employers on plan administration.

The Standard has more than 85 years of dedicated experience in retirement plans on a national scale. The company has a long history of designing and administering investment options for 401(k), profit sharing, money purchase, 403(b), MEP/PEP, 457 and defined benefit plans. Clients include corporations, government agencies and nonprofit organizations in a wide range of industries.

Learn more about PEPs.

About The Standard

The Standard is a family of businesses dedicated to helping our customers achieve financial well-being and peace of mind. In business since 1906, we are a leading provider of financial products and services for groups and individuals. Our products include group and individual disability insurance, group life, dental and vision insurance, voluntary (employee-paid) benefits, absence management and paid family leave services and retirement plans and annuities for employers and individuals. For more information about The Standard, visit www.standard.com or follow us on Facebook or LinkedIn.

The Standard is the marketing name for StanCorp Financial Group, Inc., and its subsidiaries. StanCorp Equities, Inc., member FINRA, wholesales a group annuity contract issued by Standard Insurance Company and a mutual fund trust platform for retirement plans. Standard Retirement Services, Inc., provides financial recordkeeping and plan administrative services. Investment advisory services are offered by StanCorp Investment Advisors, a registered investment advisor. StanCorp Investment Advisers, StanCorp Equities, Inc., Standard Insurance Company and Standard Retirement Services, Inc., are subsidiaries of StanCorp Financial Group, Inc., and all are Oregon corporations.