Products August 9, 2005

AIG VALIC SPECTRUM 401(k) Platform Introduced

August 9, 2005 (PLANSPONSOR.com) - The Variable Annuity Life Insurance Company (VALIC) and American International Group, Inc. (AIG) have introduced a new 401(k) platform, the AIG VALIC SPECTRUM 401(k).
Reported by

CPI Qualified Plan Consultants, Inc. is partnering with the company to provide recordkeeping and administration services for the new platform, according to a company press release.   OppenheimerFunds, Inc. is the lead fund company in the multiple-fund family 401(k) product.

According to Bill Rapp, director of Marketing Sales Support for VALIC the new platform “ provides plan sponsors with a bundled arrangement with the flexibility of an unbundled package.”

VALIC provides retirement plan services for more than 28,000 not-for-profit and for-profit education, health care and public sector organizations.

AIG companies provide retirement services, financial services, and asset management to commercial, institutional, and individual customers worldwide.

For more information, visit www.aigvalic.com .

CPI Qualified Plan Consultants, based in Great Bend, Kansas, provides services to more than 3,000 retirement plan clients.   The company’s web site is  www.cpiqpc.com .

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