VALIC Plan Essentials offers two carefully selected investment lineups that have passed a comprehensive filtering process as part of Mesirow Financial’s fiduciary investment support. The Core investment lineup typically consists of funds that track widely followed market indexes.
Plan sponsors who feel that their employees have a greater level of investment knowledge or simply want more choices can opt for the Expanded investment lineup, which includes more complex investment alternatives and an expanded range of market capitalization in addition to the Core investment options.
According to a news release, plan sponsors who choose VALIC Plan Essentials receive access to a broad range of services designed to simplify account management. Mesirow Financial will act as a fiduciary to select, monitor, and make ongoing adjustments to investment portfolios as needed. Each plan sponsor will have a dedicated, experienced account management team, comprehensive employee communications and education materials, and compliance solutions to ensure adherence to plan requirements.
The tools and services available for plan participants are designed to address the growing number of technology and investment savvy employees. Participants can choose a more “hands-on” approach to retirement planning, taking advantage of VALIC’s online educational tools and calculators, though seminars, group meetings, and an on-site financial adviser will also be available should participants prefer a full-service experience.