VALIC, an AIG company (NYSE: AIG) and a leading group retirement plan provider, has launched SponsorFITSM, an innovative web-based tool for plan sponsors and part of the VALIC.com experience. SponsorFIT is designed to help plan sponsors monitor and improve plan health, as well as simplify plan administration, allowing them to better support plan participants.
Corporate Insight, a nationally recognized reviewer of websites, indicated the launch of SponsorFIT, effectively brings together the latest in digital trends and best practices while delivering an enhanced user experience that offers mobile accessibility and a more action-oriented, modernized user interface, edging the firm into the upper echelon of its peers with respect to the overall experience.
SponsorFIT is not only about creating digital tools, but creating cohesive, personalized digital experiences for our plan sponsors, said Robert Scheinerman, president, Group Retirement, AIG Life & Retirement. We expect SponsorFIT to play a significant role in transforming the way our plan sponsors interact with their plan participants and with us.
With plan data and trends accessible anytime from a variety of devices, plan sponsors will be able to tailor strategies to help drive enhanced retirement-readiness outcomes for their employees. Sponsors can easily review requests, access participant information and communicate directly with VALIC through SponsorFIT, which is accessible through the companys award-winning public-facing site VALIC.com. The revamped plan sponsor portal brings together the latest in digital trends that have emerged in recent years, including improved mobile capabilities, a more action-oriented approach and a cleaner user interfaceall of which add up to an enhanced user experience.
SponsorFIT equips sponsors with the ability to navigate the complexity of todays retirement landscape with confidence, continued Scheinerman. Enhancing technology and how sponsors and clients interact with us is a key component of our ongoing mission to help people achieve the financial futures they desire.
For more than half a century, VALIC, an AIG company, has served as a leading retirement plan provider for Healthcare, K-12, Higher Education, Government and other not-for-profit institutions. VALIC has more than $100 billion in total assets under administration as of December 31, 2017, and manages plans for nearly 23,000 groups serving approximately 1.8 million participants. VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company. Additional information about VALIC can be found at www.valic.com. Information provided by Corporate Insight is from their September blog written by Claire Daly.
American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
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AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional 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 coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.