For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Products February 16, 2010
VALIC Chosen as Exclusive Provider for St. Louis School Districts
February 16, 2010 (PLANSPONSOR.com) – VALIC has been selected by Cooperating School Districts of Greater St. Louis, Inc. (CSD) as the exclusive 403(b) and 457(b) plan provider for its member districts.
Reported by Rebecca Moore
A press release said 65 public school districts are eligible for membership in the cooperative.
VALIC will provide access to over 40 professional financial advisers in the region who serve participants on site and assist with matters related to investments and saving for retirement. In addition, CSD’s plan administrators and participants will gain access to VALIC’s Retirement Manager, a vendor-neutral solution for managing multiple retirement plans and multiple legacy vendors.
Retirement Manager provides plan sponsors with a variety of administrative and compliance services while offering plan participants a single point of access to comprehensive retirement plan information, financial planning tools, and transaction capabilities.
“We are confident that VALIC is well suited to fit the needs of our 13,000 eligible plan participants. VALIC’s leadership, size and scale allow the firm to offer us very competitive pricing, and its open architecture model provides our participants with access to diverse retirement savings options,” said Stephen Keyser, Deputy Executive Director and CFO, CSD, in the announcement.
More about VALIC is at http://www.valic.com.