AIG Retirement Providers introduces Complete Retirement Providers and seamlessly integrates retirement plans and pensions
NEW YORK–(BUSINESS WIRE) – AIG Retirement Services, a leading provider of retirement plans for tax-exempt and public employers, today announced the launch of its Total Retirement Services, a comprehensive solution that seamlessly combines and simplifies defined contribution (DC) and defined benefit (DB) experience in retirement planning for employees and employers.
By integrating DC and DB plans, Total Retirement Services provides retirement plan participants with a simplified view of how much money they might have in retirement – whether it comes from their retirement assets, a pension, or both. With a single website and mobile app, full bank statements, a toll-free call center, and access to a finance professional with insight into the full picture of retirement, employees have what they need to make more informed decisions about their retirement, investments and timing.
“In the current environment, employers are urged to do more to contribute to the well-being of their employees,” said Gilliane Isabelle, chief distribution officer of AIG Retirement Services. “Our Total Retirement Services enable employees through holistic financial planning and a clear view of their future paychecks for retirement. At the same time, they help employers cope with the burden of maintaining and adhering to plans. ”
Total Retirement Services combines plan management and logging for DC and DB plans and reduces the time and resources employers spend on logistical challenges in order to provide employees with a holistic view of their entire retirement benefits. The end-to-end program maximizes the value of retirement plans through world-class technology, retirement benefit expertise, and advanced compliance support.
To bring Total Retirement Services to market, AIG Retirement Services selected Findley, a division of USI, to provide DB administration services. and control of compliance risk.
About AIG Retirement Services
For more than half a century, AIG Retirement Services has been a leading provider of defined contribution retirement plans to tax-exempt and public employers including healthcare, K-12, higher education, government, religious, nonprofit, and other nonprofit organizations. AIG Retirement Services has total assets of more than $ 100 billion and manages thousands of plans for approximately 1.8 million subscribers. It comprises the VALIC family of companies: The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company. For more information, please visit www.aig.com/RetirementServices.
American International Group, Inc. (AIG) is a leading global insurance organization. AIG member firms offer customers in more than 80 countries and jurisdictions a wide range of property and casualty insurance, life insurance, retirement solutions and other financial services. These diverse offerings include products and services that companies and individuals can use to protect their assets, manage risk and ensure retirement security. AIG common stock is listed on the New York Stock Exchange.
For more information about AIG, please visit www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references to additional information about AIG are provided for convenience and the information on these websites is not incorporated by reference in this press release.
AIG is the marketing name for the property and casualty, life, retirement, and general insurance businesses of the American International Group, Inc. worldwide. For more information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions and coverage is subject to subscription requirements and the actual contract language. Uninsured products and services can be provided by independent third parties. Certain property and casualty insurance can be provided by a surplus insurer. In general, insurers with surplus lines do not participate in government guarantee funds and the insured are therefore not protected by such funds.