Welcome, Plan Sponsors & Consultants. Establishing and maintaining your organization's retirement plan can be time-consuming and complex. It is also one of the most important benefits you, as an employer, can offer. In fact, the quality of life your employees will experience during retirement will likely depend on your organization's plan. There are many important decisions to be made. These critical decisions and responsibilities can be quite complicated and the stakes are high. After all, the quality of life your employees experience during retirement may well be determined to a large degree by their investments in your plan. NEW & NOTEWORTHY Final 401(k) and 401(m) Regulations, EGTRRA Certification, and Pension Protection Act vesting amendment mailing During the second week of November, AIG VALIC mailed information and related amendments that address the regulatory requirements and deadlines under the Final 401(k) and 401(m) regulations, EGTRRA, and the minimum vesting requirements changes under the recent Pension Protection Act. This mailing was sent to all qualified plans and all 403(b) plans with matching contributions, after-tax employee contributions, and / or employer non-elective contributions currently using a VALIC plan document. If you are using an outside plan document, please contact your document provider for more information. >> LEARN MORE IRS Form 1099 Participant Mailings In mid-November, we will begin mailing IRS Form 1099 to clients. In addition, clients will receive a Q&A with frequently asked questions and valuable references outlining where more information can be obtained. >> LEARN MORE Pension Protection Act of 2006 In August, 2006, the President signed into law the Pension Protection Act of 2006. This act makes important changes to employers-sponsored retirement plans, including defined benefit, cash balance and defined contribution plans. The Act's provisions run the gamut from the funding requirements of defined benefit plans to automatic enrollment in defined contribution plans. >> LEARN MORE Webcast Information Plan Sponsor webcast seminars will be conducted October 3 through 17. To find out more information about these Webcasts or to register for the seminar that best fits your schedule, go to www.aigvalic.com/webcasts. IN THE NEWS! The Wall Street Journal says managed accounts, like Guided Portfolio Services, can provide a significant boost to workers' retirement savings. >> LEARN MORE UPDATE: New 403(b) Regulations UPDATED 06/16/06! The IRS has recently released a set of proposed and temporary 403(b) plan regulations. To provide you with more information, our Law Department and team of 403(b) experts have developed an array of supporting documents. NEW! Now you can view a one hour webcast on the latest insights and guidance on the new 403(b) plan regulations. This is an especially crucial and timely issue for plan sponsors since we anticipate the IRS will release final regulations early this year and require an effective date of January 1, 2007. >> LEARN MORE Roth 403(b) and 401(k) Accounts On Wednesday, March 29, 2006 AIG VALIC presented an one hour webcast on new after-tax 403(b) and 401(k) plan investment options, which offer plan participants the possibility of tax-free withdrawal of earnings during retirement, may be just what some plan participants, especially younger ones, need to boost their retirement nest eggs. But, since the concept is new and requires plan-sponsor adoption first, many plan sponsors may be wondering if their employee advantages outweigh the administrative complexities they inevitably bring. Click here to view a recorded version of the webcast. Mutual Fund Prospectus - Electronic Availability AIG VALIC provides prospectuses and related financial reports for the mutual funds available through your plans electronically to you and your plan participants through the ePrint link on AIGVALIC.com. Paper copies are available upon request through our Client Care Center at 1-888-568-2542. We will continue to mail you a limited number of updates as they become available. New Mailing Address Effective December 12, 2005, forms and transaction requests should be sent to the addresses below. Please begin using the new addresses effective immediately. Regular Mail: AIG VALIC P.O. Box 15648 Amarillo, TX 79105-5648 Overnight Mail: AIG VALIC 2261 S. E. 27th Amarillo, TX 79103 Announcement: 2006 COLA Limits IRS announces 2006 dollar limits for retirement plans. >> LEARN MORE Legislative Hurricane Relief for Plan Sponsors, Participants The Department of the Treasury and the Internal Revenue Service (IRS) have granted expansive tax relief to plan sponsors and participants located in the disaster areas that relates to their tax-qualified retirement plans. >> LEARN MORE Plan Document Requirement for Governmental Plan Sponsors of Section 457(b) Plans Effective December 31, 2005, the IRS will require section 457(b) plans sponsored by state or local government employers to have a written Plan Document in place. >> LEARN MORE Plan Sponsor Online Register today to take advantage of the convenience of online plan reports and more. Click on the Annuity or Mutual Fund Plan Sponsor Login link under Quick Links. 2005 Form 5500 Annual Reporting These packages are currently accessible via Plan Sponsor Online. Click on the Annuity Plan Sponsor Login under Quick Links. IRS Plan Audit Update IRS, DOL indicate employer-sponsored plan audits may be on the rise and any tax-qualified plan could be subject to an audit. >> LEARN MORE
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