Securian Financial Group Distributes 10% of Salary to Employees’ Retirement Plans
PR Web |
At the annual All-Company Meeting this morning
This is the 39th consecutive year Securian awarded profit sharing distributions to eligible associates. The percentage of salary distributed is based on a formula that evaluates the previous year’s sales, earnings and service. Approximately 2,500 employees received the 10 percent distribution announced this morning.
“All of you contributed to achieving our goals by staying focused on growing our businesses and effectively managing expenses,” Chairman and CEO
Securian’s 2012 results exceeded 2011 in key categories, including:
*27 percent increase in proprietary insurance sales to
*24 percent increase in core operating earnings to
*10 percent increase in insurance in force to
*11 percent growth in assets under management to
The soaring results suited the theme of the meeting, “Voyage to Planet PSP.” The show was cast exclusively with Securian employees and included inside jokes, live action, and videos, some hilarious, some inspiring.
PSP stands for Performance Share Plan, Securian’s defined contribution retirement plan. The company contributes the same percentage of annual salary to every employee’s retirement plan account regardless of whether – or how much – he or she contributes. All employees have the option of taking half of the company’s contribution in cash.
“More than ever people want to do business with a company they trust and will be there when needed – two qualities that certainly apply to Securian,” said Securian President
Securian has won numerous employer awards over the years, the most recent being ranked sixtieth on the 2013 list of Top 150 Employers in the US out of the 872 companies considered. Other awards include:
*eight appearances on the AARP’s annual list of “Best Employers for Workers over 50”
*the Minneapolis Star Tribune’s list of “Top Workplaces in Minnesota” each of the three years the list has been published
*17 appearances on Computerworld’s annual list of the “Best 100 Places to Work in IT”
*seven appearances on the Minneapolis-St. Paul Business Journal’s list of “Best Places to Work in the Twin Cities.”
Read the full story at http://www.prweb.com/releases/2013/2/prweb10424236.htm
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