For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Products June 8, 2010
VALIC Named Exclusive Plan Provider by Kansas City Schools
June 8, 2010 (PLANSPONSOR.com) – Kansas City, Kansas, Public Schools (KCKPS) has pared down its number of 403(b) and 457(b) plan providers from 15 to one.
Reported by Rebecca Moore
VALIC has been selected by KCKPS as its exclusive 403(b) and 457(b) plan provider.
A VALIC press release said it will provide KCKPS participants access to its open-architecture mutual fund platform that utilizes thousands of non-proprietary investment choices from over 100 fund families. Plan participants will also have access to VALIC’s suite of Internet support services, including the ability to aggregate information about all potential sources of retirement income into a single location.
VALIC will also work directly with KCKPS to boost online enrollment. In addition, the company will provide an annual gap analysis statement, custom Web site and participant communications solutions.
The Kansas City, Kansas, Public School district is made up of 49 schools including three preschools, 30 elementary schools, eight middle schools, four senior high schools, Sumner Academy of Arts and Science, two alternative schools, and an area technical school, according to the announcement.