403(b) Regulation Preparedness

Call: 1-877-403bREG (2734)
E-mail: 403(b)REG

AIG Retirement Manager Compliance Essential

With the announcement of proposed 403(b) regulations almost three years ago, all of us at AIG Retirement made a commitment to our plan sponsors to provide a long-term solution. We are determined to provide every public 403(b) organization in America access to the guidance and support which would enable no-cost administration of their 403(b) programs on a provider-neutral basis.

Below you will find sample communications you can use in whole or in part to facilitate your progress toward compliance with the new regulations. You can use these communications to keep employees and plan-provider vendors aware of actions required and/or changes made.

We believe our 4-step process will provide the tools and services for a smooth transition and ongoing administrative excellence as it helps ease your plan into compliance. Please feel free to revise any of the sample communications to meet your specific needs. The below materials have editable fields, if applicable and certain fields can be electronically updated with Adobe Acrobat 7.0 Professional Writer.

It might be a good idea to consult with your legal counsel when adapting these documents for your organization's use. Neither AIG Retirement nor its financial advisors or other representatives give legal or tax advice. The applicable laws and regulations are complex and subject to change.

Step 1 - Update universal availability of your plan

Step 2 - Establish communication with your vendors

Step 3 - Transition to the new plan environment

Step 4 - Adopt a written document before December 31, 2008

Additional Solutions for Public 403(b) Organizations

Solutions for Public 403(b) Organizations Steps 1-4 Checklist [PDF]

Final 403(b) Regulations - Setting the Story Straight Brochure [PDF]

Final 403(b) Regulations Questions and Answers Brochure [PDF]

Our commitment to the 403(b) market started over 50 years ago when we became the first company to provide a 403(b) program to the K-12 community. As your leading provider of all segments of the 403(b) market in K-12, Higher Education and Healthcare, we are honored to serve the community and wish you the very best with the transition to the new regulations and, more importantly, to continued success in your primary mission of providing vital public services.

We look forward to serving your needs as a business partner with the AIG Retirement Manager Compliance Essential, your no-cost option for guided self administration. For more information, please contact your source on 403(b) regulations development today.

Important Notice about Purchasing a VALIC Annuity From Us

To help the government fight the funding of terrorism and money-laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who purchases certain annuity products. What this means for you: When you purchase certain annuity products from us, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may ask to see your driver's license or other identifying documents.

Annuities and insurance products are offered by The Variable Annuity Life Insurance Company (VALIC), AIG Annuity Insurance Company, AIG-affiliated insurance companies or other approved companies. Each underwriting company is financially responsible for its own insurance products.

Securities and investment advisory services are offered by AIG Retirement Advisors, Inc., member FINRA, SIPC, and an SEC-registered investment advisor.

AIG Retirement is the marketing name for the group of companies comprising AIG Retirement Advisors, Inc.; AIG Retirement Services Company; and The Variable Annuity Life Insurance Company (VALIC); each of which is a subsidiary of American International Group, Inc.

This information is general in nature and may be subject to change. Neither VALIC nor its financial advisors or other representatives give legal or tax advice. Applicable laws and regulations are complex and subject to change. For legal or tax advice concerning your situation, consult your attorney or professional tax advisor.