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AIG Retirement Services Selected as Exclusive Retirement Plan Provider for Ontario County, New York
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Rhea-AI Sentiment
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Rhea-AI Summary
AIG Retirement Services has been appointed as the exclusive retirement plan provider for Ontario County, New York, serving over 1,000 employees. The county offers a 457(b) deferred compensation plan and a 401(a) savings match plan, totaling approximately $100 million in assets. AIG has over 60 years of experience in assisting government workers with retirement planning. With more than $130 billion in total assets under administration, AIG supports around 2 million customers across 2,200 government entities.
Positive
Exclusive retirement plan provider for Ontario County, expanding AIG's market presence.
Approximately $100 million in retirement plan assets, indicating strong business engagement.
Over 60 years of experience, highlighting AIG's expertise in retirement services.
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HOUSTON--(BUSINESS WIRE)--
AIG Retirement Services, a leading retirement plan provider for tax-exempt and public sector employers, today announced it will serve as the exclusive retirement plan provider for the local government of Ontario County, New York.
Ontario County employs more than 1,000 individuals and provides both a 457(b) deferred compensation plan and a 401(a) savings match plan. These supplemental defined contribution retirement plans total approximately $100 million in retirement plan assets.
“We are honored to serve the Ontario County employees who contribute so much to their vibrant community,” said Gilliane Isabelle, Chief Distribution Officer, AIG Retirement Services. “For more than 60 years, AIG Retirement Services has been helping government workers save for—and enjoy—the retirement they envision. We will be there for the employees of Ontario County year after year, from when they begin their career and at every phase leading up to and through retirement.”
Ontario County joins the more than 2,200 government entities that trust AIG Retirement Services for its retirement plan expertise. AIG Retirement Services delivers a comprehensive financial wellness experience to help drive employee engagement and make retirement planning easier and accessible for all.
“Helping our employees secure their financial future is a top priority,” said Lindsey Burgess, Deputy Director of Human Resources, Ontario County Human Resources. “We look forward to working with AIG Retirement Services to provide a retirement planning program that is personalized and effective.”
This material is general in nature, was developed for educational use only, and is not intended to provide financial, legal, fiduciary, accounting or tax advice, nor is it intended to make any recommendations.
About AIG Retirement Services
For more than half a century, AIG Retirement Services has served as a leading defined contribution retirement plan provider for tax-exempt and public sector employers, including healthcare, K-12, higher education, government, religious, charitable and other nonprofit organizations. AIG Retirement Services has more than $130 billion in total assets under administration, managing thousands of plans and serving approximately 2 million customers. It includes the VALIC family of companies: The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company. Additional information can be found at www.aig.com/RetirementServices
About AIG
American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in approximately 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.
Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
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 jurisdictions, and coverage is subject to underwriting requirements and 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.
What is the significance of AIG being chosen as the retirement plan provider for Ontario County?
AIG's selection underscores its expertise in retirement services, indicating a solid partnership with Ontario County, which enhances its market presence.
How much in retirement plan assets will AIG manage for Ontario County?
AIG will manage approximately $100 million in retirement plan assets for Ontario County.
How long has AIG Retirement Services been helping government workers?
AIG Retirement Services has over 60 years of experience in assisting government workers with their retirement planning.
How many government entities does AIG Retirement Services serve?
AIG Retirement Services serves over 2,200 government entities.
What types of retirement plans will AIG provide for Ontario County?
AIG will provide a 457(b) deferred compensation plan and a 401(a) savings match plan for Ontario County employees.
