PORTLAND, Ore., Sept. 6 /PRNewswire/ -- The Standard has been ranked
the number one retirement plan provider in terms of overall client
satisfaction in Boston Research Group's 2007 survey of plan sponsors with
$5 million or less in plan assets. Eighty-six percent of The Standard's
clients indicated they were "very satisfied" with their overall
relationship.
In the independent survey, Defined Contribution Provider 2007, 1,475
plan sponsor respondents anonymously rated their satisfaction with their
provider services across several individual categories, such as participant
statements, sponsor and participant websites, performance of investments,
value added for cost, and customer service. In addition, the survey
measured satisfaction with a provider's ability to partner effectively,
provide innovative solutions, understand the customer's needs, and how easy
the provider is to do business with.
This is the second time in the past four years that The Standard has
achieved the overall number one satisfaction ranking in the survey. The
Standard has annually been ranked as a top-five provider for overall
satisfaction since it began participating in the survey in 2004.
"We continue to commit ourselves to the highest service standards in
the retirement plans industry," said Kent Buckles, vice president of sales,
marketing and advisory services. "Our consistent high ranking each year in
the Boston Research Survey is a testament to that."
The Standard was rated first among 25 other major retirement plan
providers participating in the survey. Survey respondents were identified
using Form 5500 filings to provide statistically reliable samples.
The Standard has provided retirement plan services for more than 70
years. Full and record keeping-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://retirement.standard.com.
About The Standard
StanCorp Financial Group, Inc. ("StanCorp") (NYSE: 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.
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SOURCE Standard Insurance Company
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Related links:
http://www.standard.com
http://retirement.standard.com
CONTACT:
Product Information, Kent Buckles, Vice
President, Sales, Marketing and Advisory Services, 971.321.6002,
kbuckles@standard.com or Corporate Information, Jodi Jordan,
Director of Public Affairs, 971.321.7405, jjordan@standard.com or
Investor Relations and Financial Media, Jeff Hallin, Second Vice
President, Investor Relations and Financial Planning,
971.321.6127, jhallin@standard.com, all of The Standard Insurance
Company
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