AIG SunAmerica Introduces The CHAMBERplan(R) TPA Option; New Program Helps Small- to Medium-Sized Businesses Create Customized Retirement Plans.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group SunAmerica Retirement Markets, Inc. today announced the introduction of The CHAMBERplan(R) TPA (Transient Program Area) See transient area. TPA - Transient Program Area (Third Party Administrator) option, a new version of its popular retirement plan called The CHAMBERplan for Retirement(R). The new TPA option of The CHAMBERplan allows employers and investment representatives to create a more customized retirement plan by working with a local third-party administrator for plan design, compliance testing, and consulting services, while maintaining recordkeeping with ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. (R) Retirement Services. "The CHAMBERplan TPA option offers small- to medium-sized businesses an 'unbundled' version of our popular 'bundled' 401(k), The CHAMBERplan for Retirement," said Hal R. Rose, a vice president and a national sales manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → of The CHAMBERplan product at AIG SunAmerica Retirement Markets, Inc. "We can now offer clients a combination of ADP's support and award-winning services on a national level, and the support of local investment professionals and TPAs." ADP Retirement Services, part of the Employer Services division, a leading provider of integrated outsourced payroll and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. services, has handled plan administration and recordkeeping services for The CHAMBERplan since its introduction in 2000. ADP Retirement Services will continue to provide recordkeeping services with The CHAMBERplan TPA option. "We are excited to grow our long-standing relationship with AIG SunAmerica," said Anish Rajparia, Senior Vice President, ADP Retirement Services. "We have a shared commitment of delivering cost-effective retirement solutions to AIG SunAmerica's clients. The addition of this TPA option to their comprehensive CHAMBERplan suite allows us to further that commitment with our broad offering of administrative and recordkeeping services." The CHAMBERplan TPA option, along with The CHAMBERplan Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 401(k) plan option and The CHAMBERplan 401(k), offers: --Twenty investment options from ten respected money managers including American Funds Please see the discussion on the talk page. --A one-year fixed account investment option with no market value adjustment --A death benefit --Planning tools for plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. including automatic account rebalancing Rebalancing The process of realigning the weightings of one's portfolio of assets. Notes: For example, if your portfolio's proportion of stock has grown too large for your intended assets weightings and risk tolerance, you might rebalance by selling some stock and putting and a feature to automatically increase contributions annually --Seamless payroll integration for those employers who take advantage of ADP's payroll services --A Web-based tool for easy entry of employee and contribution data for non-ADP payroll clients --A voice-response system in both English and Spanish --A robust, interactive and transactional website To learn more about The CHAMBERplan for Retirement, call The CHAMBERplan Help Desk at 877-814-401(k) or e-mail chamberplan@sunamerica.com AIG SunAmerica Retirement Markets, Inc. is a financial services company specializing in retirement savings. The company provides nearly four million Americans with retirement savings and investment products from AIG SunAmerica Life Assurance Company, First SunAmerica Life Insurance Company and SunAmerica Life Insurance Company. AIG SunAmerica Retirement Markets, Inc. is one of the largest issuers of fixed and variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. , through its national distribution network of registered representatives, independent broker-dealers, securities firms, banks and insurance agencies, equating to more than 133,000 financial professionals. American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed in the U.S. on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and ArcaEx, as well as the stock exchanges in London, Paris, Switzerland and Tokyo. The CHAMBERplan for Retirement(R) and The CHAMBERplan(R) are registered service marks of, and are used under license from, the Chamber of Commerce of the United States. SunAmerica(R) is a registered trademark of American International Group, Inc. (C) 2005 American International Group, Inc. All rights reserved. This material does not constitute an offer to sell. The group annuity funding The CHAMBERplan for Retirement is issued by AIG SunAmerica Life Assurance Company in Delaware. AIG SunAmerica Life Assurance Company is a subsidiary of AIG Retirement Services, Inc. also a subsidiary of American International Group, Inc. (AIG). A prospectus for the underlying investment options is available and includes more complete information on expenses and risk factors. To request a prospectus, call AIG SunAmerica at 1-877-814-401(k). You should read the prospectus carefully before investing. Investment involves financial risk, including possible loss of principal. Investment return and principal value will fluctuate. The contract and/or participant's account value, when redeemed, may be worth more or less than the original investment. The provisions of the plan may differ from the contract. Should such differences occur, the plan provisions will take precedence. Tax-qualified plans are tax-deferred regardless of whether or not they are funded with an annuity. Policy form AN-940 (9/99). The U.S. Chamber of Commerce The U.S. Chamber of Commerce is the world's largest not-for-profit federation of businesses, representing more than 3 million businesses and organizations in the United States. As of 2003, the chamber was comprised of 3000 state and local chambers and 830 business associations. is the world's largest business federation, representing nearly three million businesses and organizations of every size, sector and region. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion