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Securian Alerts Identify Targets For 401(k) Education

By Staff Writer

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NU Online News Service, Sept. 2, 2004, 3:31 p.m. EDT

Securian Retirement Services, St. Paul, Minn., is giving employers more Web-based help with increasing 401(k) plan enrollment.[@@]

Securian, a unit of Minnesota Life Insurance Company, has added 4 extra flags to its plan administration Web reports, to help employers identify employees who are not taking full advantage of 401(k) benefits.

The flags identify employees who do not contribute to 401(k) plans at all, those who contribute less than the national industry average, those who do not indicate how they want their contributions invested and those who appear to be old enough to qualify to make catch-up contributions.

Securian administers 401(k) plans and other retirement plans with $7 billion in assets and more than 250,000 participants.