Get more! Sign up for PLANSPONSOR newsletters.
Products December 14, 2010
NC Hospital Chooses VALIC as 403(b) Provider
December 14, 2010 (PLANSPONSOR.com) – VALIC has been selected as the exclusive 403(b) plan provider by Betsy Johnson Regional Hospital for its more than 800 plan participants.
Reported by
PLANSPONSOR staff
According to a VALIC press release, it was selected for its open-architecture mutual fund platform that utilizes thousands of non-proprietary investment choices from over 100 fund families. VALIC will provide on-site service from professional financial advisers who will work with plan participants on a wide range of retirement and financial planning issues.
Plan participants will also have access to a suite of Internet support services, including the ability to aggregate information about all potential sources of retirement income into a single location, the announcement said.
Betsy Johnson Regional Hospital is a private, full-service, not-for-profit hospital in Dunn, North Carolina, incorporated into the Harnett Health System.You Might Also Like:
As CIT Adoption Surges, Retirement Industry Races to Modernize
Operational bottlenecks are drawing renewed scrutiny as Congress considers opening the $1 trillion 403(b) market to collective investment trusts.
30 Retirement CEOs Back Senate Bill Permitting CITs in 403(b)s
The legislation has stalled in the Senate, as other policy priorities loom before the August recess and midterm elections.
SIFMA Coalition Urges Senate to Advance CIT, E-Delivery Bills
According to the trade groups, the legislation should anchor a Senate package aimed at both strengthening capital formation and protecting...
