VALIC is a pioneer in the 403(b) industry, having implemented the first 403(b) plan in a public school in 1964. And nearly 50 years later, the company remains one of the leading retirement plan providers in the group retirement space. In PlanSponsor Magazine’s 403(b) Buyer’s Guide, an annual issue that profiles group retirement plan providers across the nation, VALIC was named one of the top 403(b) retirement plan providers of 2012. The company swept the magazine’s six Top 10 lists, ranking sixth in number of new clients in 2011, fifth in total non-profit/religious clients, fourth in total 403(b) assets, total 403(b) clients and total higher education clients, and third in total K-12 clients.
“We are honored to be named among the leading group retirement plan providers, especially by such an esteemed publication as PlanSponsor,” said Bruce Abrams, President and CEO of VALIC. “VALIC has worked tirelessly for over fifty years to provide millions of employees with customizable solutions for a successful retirement. These rankings are a testament to our commitment to excellence in service, leadership and education, and we will work diligently to uphold these high standards as our organization grows.”
The recognition follows a very good year for VALIC. In 2012, VALIC’s smartphone application for iPhone and Android phones received rave reviews and was highlighted as the June App of the Month by AM Best’s Best Review. Shortly thereafter, VALIC launched a number of web enhancements which earned the consumer website a DALBAR Financial Services Communications Seal. In an effort to combat our nation’s growing lack of financial literacy, VALIC developed an after school personal finance program taught by its financial advisors designed for children in grades 3-5 and their parents. VALIC also received a slew of marketing awards, including six platinum and six gold MarCom Awards and the Insurance & Financial Communicators Association’s “Best in Show” Award.
“Last year was a strong one for VALIC in many aspects,” said Bruce Abrams. “We have ample momentum carrying us into 2013, and I am confident that our spectrum of services and performance in the group retirement space will only get better.”