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 stand-alone 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 advisers 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
