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Is VALIeputable company?

If youre looking for a large, national firm to help with your retirement needs, Valic Financial Advisors may be worth considering, particularly for those in employee-sponsored plans that work with the firm. The firms numerous disciplinary disclosures, however, may raise red flags for some.

What type of retirement plan is VALIC?

The Variable Annuity Life Insurance Company, or VALIC, a subsidiary of American International Group, Inc., (AIG), is an insurance corporation that specializes in tax-qualified retirement plans, supplemental tax-deferred and after-tax investments.

Is VALIC a fiduciary company?

The Variable Annuity Life Insurance Company (VALIC) is not a fiduciary and does not provide retirement advice or recommendations. Securities and investment advisory services offered through VALIC Financial Advisors, Inc.

What type of company is VALIC?

The Variable Annuity Life Insurance Company (VALIC) was founded in 1955 and is based in Texas. The company is a major provider of group retirement plan services to schools, government agencies, hospitals, and other not-for-profit entities.

Is VALIC and AIG the same company?

The Variable Annuity Life Insurance Company, or VALIC, a subsidiary of American International Group, Inc., (AIG), is an insurance corporation that specializes in tax-qualified retirement plans, supplemental tax-deferred and after-tax investments.

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Is there a class action lawsuit against VALIC retirement?

A small dental practice and its retirement plan (the Markhams) have filed a class action lawsuit to challenge VALIC/AIGs surrender charge practices. The short name of the case is D.L. Markham, DDS v. The Variable Annuity Life Insurance Company (VALIC), Southern District of Texas Case No. 4:22-cv-00974.

Are VALIC and AIG the same?

VALIC will now be known as AIG Retirement Services. With AIGs industry insight, global resources and extensive support, we are confident we can help you ENVISION MORE for your plan and for your employees futures.

What company took over VALIC?

We are fully embracing the power of our parent, AIG a leading provider of retirement services. VALIC will now be known as AIG Retirement Services.

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