1. Administration
ERISA 3(16) Delegated Administrative Fiduciary Services
February 7, 2013 INTERNAL USE ONLY Page 1 of 2
Product Overview
Standard Retirement Services provides a layer of protection by acting as an ERISA
3(16) fiduciary for these four key administrative tasks:
 Compliance testing
 Enrollment eligibility determination and notification
 Approval and management of loans, distributions, QDRO Approvals and
hardship withdrawals
 Fulfillment of required participant notices
Advisor Positioning
 Helps reduce the plan sponsor’s administrative burden by delegating key
administrative tasks to The Standard.
 Reduces the plan sponsor’s fiduciary risk associated with key administrative
tasks.
 Our fiduciary services are backed by the strength of the indemnification clauses
included in The Standard’s service agreements when The Standard is appointed
as a fiduciary for one or more services offered. This means that we will perform
the delegated fiduciary tasks in accordance with the appropriate fiduciary
standard, and, should an error occur connected with those services, take the
necessary steps for correction.
Employer Positioning
 Outsource responsibility and management of approvals of distributions, loans,
hardship withdrawal requests, rollovers and QDRO approvals.
 Outsource responsibility and management of enrollment eligibility
determination and notification as well as the fulfillment of required participant
notices.
 Helps reduce risk as an administrative fiduciary under ERISA 3(16).
 Service level agreements with The Standard ensure quick and accurate
processing of participant’s requests for loans and distributions or the service
fee is waived.
 Delegate accountability and increase efficiency by interacting with a single
provider for comprehensive plan services.
 Our fiduciary services are backed by the strength of the indemnification clauses
included in The Standard’s service agreements when The Standard is appointed
as a fiduciary for one or more services offered. This means that we will perform
the delegated fiduciary tasks in accordance with the appropriate fiduciary
standard, and, should an error occur connected with those services, take the
necessary steps for correction.

2. Administration
ERISA 3(16) Delegated Administrative Fiduciary Services
February 7, 2013 INTERNAL USE ONLY Page 2 of 2
PRODUCT FACTS
The Standard offers 3(16) fiduciary protection on these 4 key administrative services:
 Compliance testing
 Enrollment eligibility determination and notification
 Approval and management of loans, distributions, QDRO Approvals and
hardship withdrawals
 Fulfillment of required participant notices
PLAN REQUIREMENTS
 The plan document must be prepared by The Standard
 The Standard must perform full administration including compliance testing and
Form 5500
 The employer must provide a payroll file containing all required data for all
employees
 The Standard will not act as a 3(16) fiduciary on a Recordkeeping Only (RKO) plan.
An RKO plan typically provides their own plan document and The Standard cannot
be a fiduciary on plans where we do not provide plan document services.
Additionally, Standard does not exert enough control over RKO plans for us to
take on that responsibility.