According to a press release, Silvercrest’s 547 plan participants will have access to VALIC’s open-architecture mutual fund platform that utilizes thousands of non-proprietary investment choices from over 100 fund families. VALIC will provide access to professional financial advisers in the region who serve participants on-site and assist employees with a wide range of retirement and financial planning issues.
Plan participants will also have access to a suite of Internet support services and financial planning tools.“Silvercrest’s Retirement Committee was extremely impressed by VALIC’s commitment to personalized retirement planning services as well as plan sponsor service,” said Mike Tretola, Chair of the Silvercrest Retirement Committee, in the announcement. “VALIC is offering our employees a totally new type of “full-service” plan that will drastically improve employee education, investment diversification and lower fees.
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