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Prepared for Springfield R-XII School District
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Data and systems are continuously replicated near real time between the 2 primary AIG
data centers in Fort Worth, TX and Livingston, NJ
7. Describe the method of maintaining plan sponsor and participant history on the
system.
VALIC's recordkeeping system maintains a historical record of every transaction conducted
as well as a maintenance log on each participant’s non-financial data for the life of the plan.
Additionally, the recordkeeping system allows for the conversion of historical data from
another recordkeeping system in the following fields and maintains these fields by
accumulating all future transactions processed to the system. These fields are:
Inception-to-date employee contributions
Inception-to-date employer contributions
Inception-to-date transfers/rollovers into the plan
Inception-to-date Withdrawals
Year-to-date employee contributions
Year-to-date employer contributions
Year-to-date transfers/withdrawals into the plan
Year-to-date withdrawals
Year-to-date earning (gains/loss)
8. Does your system allow for monitoring or imposing limits for:
a. transfer frequency
Yes.
b. minimum/maximum contribution percentages
Yes
.
c. withdrawal frequency
Yes
.
d. investment election changes
Yes.
e. other
In addition to the items listed above, the plan sponsor can customize deferral percentage
changes and rollovers from all types of retirement accounts.