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Article: Bay College Selects the Standard as Single 403b Plan Provider.
- Article from:
- Insurance Weekly News
- Article date:
- November 20, 2009
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Standard Retirement Services, Inc. ("The Standard"), a subsidiary of StanCorp Financial Group, Inc. (NYSE:SFG) is pleased to announce it has been selected by Bay College of Michigan to become their single 403(b) plan provider. Bay College, located in the Upper Peninsula region of Michigan, is a two-year public college with a main campus in Escanaba and an additional location in Iron Mountain. The Bay College 403(b) plan includes 250 eligible participants.
"The single provider service model is beneficial to us in several ways," said Tom Griggs, Director of Human Resources for Bay College. "The Standard is able to obtain lower fund management costs by leveraging ...