Products October 6, 2008

Security Benefit Adds American Funds to Retirement Platform

October 6, 2008 (PLANSPONSOR.com) - Security Benefit is adding five mutual funds from American Funds to the SFR Program, a group retirement platform for 403(b)(7), 457(b), and 401(k) plans.
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According to a press release, the funds that will be added to the program include American Funds EuroPacific Growth, American Funds Capital World Growth and Income, American Funds Fundamental Investors, American Funds The Growth Fund of America, and American Funds The Income Fund of America. Security Benefit says the SFR Program is its fastest growing product in the K-12 market.

The SFR Program is designed for use by educational, corporate, governmental and non-profit employers. Among its features are:

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  • A multi-manager mutual fund platform of investments;
  • Competitive pricing;
  • Fiduciary tools for plan sponsors including Investment Practices Statement, Continuous monitoring of fund performance, Updating and replacement of underperforming investments, and Quarterly report card;
  • A complete suite of services for employees through Morningstar Associates, including Morningstar Learning Station, Target Portfolios Powered by Morningstar, Managed by You, and Managed by Morningstar; and
  • Support from independent local financial representatives.

More information can be obtained by calling Security Benefit’s National Service Center at 1-800-888-2461.

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