2020
Recordkeeping Survey

Providers

AIG Retirement Services

www.VALIC.com
Assets ($MM) by Plan Type
Ranked #22$74,435
401(k)2%
403(b)72%
457 13%
NQDC0%
Other13%
Participants by Plan Size
Ranked #162,017,753
<$10MM34%
$10MM – $50MM25%
>$50MM – $200MM21%
>$200MM20%
Plans by Count
Ranked #1424,519
% Third-party administration
24%
Related Offerings
HSA integrationNo
Student Loan Repaymentvia 3rd party
Financial wellness options1
Service Offerings
New client restrictionsNo company stock. No Taft-Hartley
Multiple service modelsYes
Offers corporate trustee servicesYes - direct offering
# of internal ERISA counsel5
Will act as §3(16) fiduciaryNo
Participant Services
Call center hoursWeekdays: 8 a.m. - 9 p.m. ET
Online chat supportNo
Mobile app
Managed account optionsProprietary offering
Retirement Income
Displays retirement income estimate on statementsNo
Offers in-plan guaranteed retirement income productsYes
Offers out-of-plan annuity bidding serviceNo
Recordkeeping PlatformProprietary recordkeeping system