VALIC was chosen primarily for its on-site financial planning services and its focus on participant education. This is the first time VALIC has served as a provider for the group’s approximately 3,000 employees.
In addition to an on-site financial adviser to assist employees with retirement and financial planning issues, MBHS will have access to VALIC’s open-architecture mutual fund platform that utilizes thousands of non-proprietary investment choices from over 100 fund families. The platform features a fixed-interest option, plan design expertise and technology enhancements at both the plan sponsor and plan participant level.
Baptist Health Systems is the parent company of Baptist Medical Center, The Mississippi Hospital for Restorative Care and a number of related healthcare services and programs.