The Standard is Named a 2022 PLANSPONSOR DC Standout, Earning a No. 1 Ranking and 17 Best-in-Class Awards
Standard Retirement Services, Inc., (The Standard) has been awarded multiple honors based on results of the PLANSPONSOR 2022 Best-In-Class Provider Survey, an annual evaluation of approximately 3,000 defined contribution plan sponsors across the country.
The Standard was named a PLANSPONSOR DC Standout, earning a Bronze Best-in-Class Award for the $5 million ? $25 million category and the No. 1 ranking in Net Promoter Score for the $25 million ? $50 million category.
"It's exciting to be ranked No. 1 in net promoter score for the $25 million ? $50 million segment by our clients," said Maria Gonzalez, vice president of Retirement Plan Services. "We are pleased with these phenomenal results and so proud of our entire Retirement Plans organization for the excellent service we deliver to our clients every day."
17 Best-in-Class Awards
PLANSPONSOR Best-in-Class awards are based on plan sponsor satisfaction within a given area of service. The Standard received a total of 17 Best-in-Class awards in three market categories (under $5 million, $5 million ? $25 million, and $25 million ? $50 million).
Under $5 Million
- Plan administration
- Plan design flexibility
- Enrollment materials and support
- Account/client service teams
- Investment options
$5 Million ? $25 Million
- Plan administration
- In-person/virtual participant support
- Enrollment materials and support
- Account/client service teams
- Investment options
- Fee value and transparency
$25 Million ? $50 Million
- Plan administration
- In-person/virtual participant support
- Enrollment materials and support
- Account/client service teams
- Investment options
- Fee value and transparency
Service Commendations*
- Plan design flexibility
- Website, reporting and tools
The Standard Earns a No. 1 Ranking in Net Promoter Score
The Standard was ranked No. 1 in net promoter for all recordkeepers in the $25 ? $50 million category. For the $5 ? $25 million category, The Standard was ranked No. 6, and for the under $5 million category, The Standard was ranked No. 4 in Net Promoter Score.
For additional details and the full survey methodology, please visit PLANSPONSOR.
About The Standard
The Standard is a family of companies dedicated to helping customers achieve financial well-being and peace of mind. In business since 1906, we are a leading provider of financial protection products and services for employers and individuals. Our products include group and individual disability insurance, group life, dental and vision insurance, voluntary (employee-paid) benefits, absence management services, and retirement plans and annuities for employers and individuals. For more information about The Standard, visit standard.com or follow us on Facebook, Twitter 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 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.
* Service commendations are only earned in certain markets. Review the 2022 PLANSPONSOR survey for full details.
News published on and distributed by:
