New AIG providing integrates retirement plans and pensions
By integrating defined contribution (DC) and defined benefit (DB) plans, AIG, with its new Total Retirement Services officially launched today, will give retirement plan participants a simplified view of how much money they might have in retirement – whether that’s coming from their 401k account, a pension, or both.
New York-based AIG Retirement Services, a leading provider of retirement plans for tax-exempt and public employers, says the comprehensive solution will seamlessly combine and simplify the DC and DB retirement plan experience for both employees and employers.
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 plans. Investment and timing, the company said in a Dec. 8 statement announcing the new offering.
“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. “
According to AIG, Total Retirement Services combines the time management and resources employers spend on logistical challenges to give employees a holistic view of their overall 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 hired Findley, a division of USI, to provide DB administration services to control compliance risk.