Texas Universities Select VALIC as 403(b) Plan Provider

October 13, 2009 (PLANSPONSOR.com) - VALIC has been chosen by the University of North Texas (UNT) and Texas Woman's University (TWU) as a 403(b) plan provider.

VALIC is one of four plan providers selected by UNT with the goal of creating a consolidated 403(b) program that is administered in compliance with the new 403(b) regulations. VALIC was chosen for its open investment platform, and employee education, administration, and plan compliance services, according to the announcement.

The University of North Texas System is made up of UNT System Administration, the University of North Texas, the University of North Texas Health Science Center at Fort Worth, and the University of North Texas Dallas Campus, soon to become the University of North Texas at Dallas. The UNT Web site shows the other three plan providers are Fidelity, ING, and TIAA-CREF.

For TWU, VALIC will serve as one of six providers. The announcement said VALIC was selected for its competitive offering of investment services and products, employee education through its staff of financial advisers, and plan compliance services. Texas Woman’s University is an institution of higher education that receives public funding from the State of Texas with four campus locations in Denton, Dallas, and Houston.

According to the TWU Web site, the other plan providers are Fidelity, ING, Lincoln National, MetLife, and TIAA-CREF.

Through the relationship with VALIC, UNT and TWU plan administrators and participants will gain access to VALIC Retirement Services Company’s Retirement Manager, a vendor-neutral solution for managing multiple retirement plans and multiple vendors. It provides plan sponsors with administrative and compliance services while offering plan participants a single point-of-access to retirement plan information, financial planning tools, and transaction capabilities across retirement products and carriers.

More information about VALIC is at www.valic.com .