Close Close
ThinkAdvisor

Life Health > Life Insurance

Minnesota Life Parent To Make Big Match

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

Securian Financial Group Inc. says 401(k) plan contributions will amount to 5.5% of employees’ annual salaries.

Securian, the main operating subsidiary of Minnesota Mutual Insurance Companies Inc., St. Paul, Minn., and the parent of Minnesota Life Insurance Company, produced solid operating profits in 2008, the company says.

Over the past 35 years, 401(k) match percentages have ranged from 4% of participating employees’ annual salary to 10%, Securian says.

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.