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An additional tool we use to measure the effectiveness of our participant education efforts is
Seminar Manager, an easy online registration process through which eligible employees can
register for seminars offered by his employer. Through the Seminar Manager website,
employees have access to a user-friendly method for learning about the educational
benefits available to them. Additionally, the employer can produce customized reports that
illustrate which seminars draw the most attendance and generate the most follow-through.
9. Does your organization provide any services that would help individual participants
with financial planning (e.g., personal counseling, questionnaires, and software)?
Describe any education support you provide, including face-to-face, software based
and web based. If participant investment advice is offered, please specify whether it
is provided by a third party or by your organization (including affiliates). Describe
your process, mode and scope of advice.
Guided Portfolio Services (GPS)
GPS is VALIC’s comprehensive retirement planning program – a
unique
retirement readiness solution
that includes investment
advice and ongoing asset management. Based on the unique
financial circumstances of each individual participant enrolled in
the program, GPS recommends a savings rate, retirement age,
investment portfolio, and
personalized glide path
aimed at
helping the participant achieve their desired retirement income
with reasonable probability. Furthermore, the retirement
readiness analysis, investment advice, and recommendations
are based on a participant’s total retirement portfolio, which
consists not only of the assets in GPS, but any retirement
benefits (e.g., social security, pension), outside assets, expected
future contributions, and cash flows that will be used to fund the
participants income in retirement. Participants who elect to use
GPS can choose between two levels of service – the traditional
advice service or the automated managed account service. In
either case, GPS will deliver objective advice from independent
financial expert Morningstar Investment Management LLC.
To help plan sponsors better understand and monitor the retirement readiness of their GPS
participants, VALIC provides a plan sponsor level report describing participant
demographics and providing data about overall GPS participant progress toward their
individual retirement goals. This data allows targeted communication and education to
specific groups of GPS participants, helping them to “get on track” for retirement.
U
NIQUE TO
VALIC