BROOKFIELD, Wis., April 9 /PRNewswire/ — National Insurance Services (NIS), working in cooperation with the Nebraska Council of School Administrators (NCSA) and the Nebraska Association of School Boards (NASB), is pleased to announce it has selected The Standard to be the provider of the Nebraska Sole 403(b) Provider Plan.
“Having a sole provider plan allows us to harness the combined purchasing power of all Nebraska school districts,” said Steve Ott, NIS’s Nebraska Regional Manager. “By leveraging purchasing power and pooling resources, we are able to deliver the highest quality retirement plan benefit to school district employees in Nebraska.”
NIS conducted an exhaustive RFP search and evaluation over the last several months. The Standard was chosen on the basis of its investment due diligence process, investment platform, quality of participant education materials and price competitiveness. “The Standard’s commitment to assume fiduciary responsibility for investment advice and monitoring weighed heavily in the decision,” said Ott.
The State of Nebraska has 285 Independent School Districts that will have an opportunity to participate in the new sole provider 403(b) plan. The Standard will assist NIS in the creation of a state-of-the-art online education program for the Nebraska school district. For more information and a sneak peak at the employee education website including video, visit http://www.403bnebraska.com/education.aspx. In addition, NIS will be hiring a full-time employee solely dedicated to service the Nebraska 403(b) plan.
About National Insurance Services
National Insurance Services is headquartered in Brookfield, Wisconsin. The firm has provided employee benefit products and services for over 35 years. NIS currently insures over 1,500 public-sector employers representing over 500,000 employees.
For more information about NIS or the Nebraska Sole 403(b) Plan, visit http://www.403bnebraska.com/.
About The Standard
For more than 70 years, companies have trusted Standard Insurance Company to help their employees pursue their retirement goals with confidence. Products are available on a full service or recordkeeping-only basis, through both a trust platform (in all states) as well as a group annuity platform (available in all states except New York). For more information on The Standard’s retirement services, visit http://retirement.standard.com/.
StanCorp Financial Group, Inc. (“StanCorp”) 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 8.7 million customers nationwide as of December 31, 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/.
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.
First Call Analyst:
FCMN Contact:
Source: National Insurance Services
CONTACT: Corporate Information, Jodi Jordan, Director of Public Affairs,
971-321-7405, jjordan@standard.com, or Retirement Plans, Chris Dugan,
Director, Retirement Plans Marketing, 971-321-7551, cdugan@standard.com, both
of Standard Insurance Company; or Corporate Information, Hank Ehrsam, Vice
President, Sales and Marketing, 262-780-1283, hehrsam@nis-sif.com, or Nebraska
403(b) Retirement Plans, Steve Ott, Regional Manager, 800-597-2341,
sott@nis-sif.com, both of National Insurance Services
Web site: http://www.standard.com/
