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For participants who elect Portfolio Manager, this investment advice is automatically
implemented in their plan, followed by quarterly reviews of their managed account to
rebalance the portfolio, as necessary. In addition, the program automatically regenerates
participant retirement readiness analysis, investment advice, and recommendations at least
annually and automatically implements any corresponding adjustments to their advised
portfolio. Portfolio Manager is delivered by our financial advisors, online, or by telephone via
our Asset Management Center. Over time, the account management for each participant
follows a personalized glide path based on each participant’s unique financial
circumstances.
Portfolio Manager uses the same advanced Monte Carlo stochastic simulation techniques
as Portfolio Advisor to make sure that its investment advice factors in a wide range of
economic and financial market scenarios.
Under the managed account service, investment advice is automatically implemented in the
plan recordkeeping system.
VALIC delivers independent third party investment advice from Morningstar Investment
Management LLC through our Guided Portfolio Services (GPS) program. There are no
charges to the plan sponsor for making the Guided Portfolio Services program available, nor
are any of the GPS costs applied to the full Plan. The asset allocation and wealth
forecasting tools described in our response are provided at no cost to plan sponsors or
participants. There is no fee for participants who elect to enroll in our advice program, GPS
Portfolio Advisor.
Only those participants enrolling in our managed account program, GPS Portfolio Manager,
will be assessed an asset based fee as described below.
The annualized fees negotiated for the CSD-RT for participants enrolled in our GPS
Portfolio Manager program are as follows:
45 basis points on all assets
10.Describe your education tools or programs designed to support IRA rollovers and/or
retirement distributions.
VALIC financial advisors will review the participant's personal financial and retirement needs
and explain the various options available and the tax consequences of each of those
options. Financial advisors provide information and guidance on various retirement options,
including rollovers, and assist participants in developing a plan for a successful retirement.
Our financial advisors can offer employees a Planning for Financial Security workshop
called “IRA/Retirement Distribution Planning,” which addresses income sources, increasing
or decreasing expenses, tax rules and strategies for distributions, and various payout
options. It covers the complex rules governing distributions from tax-advantaged accounts
and assists the participant in avoiding needless tax penalties and in minimizing the effects of
taxation over retirement.