Howard University Extends Relationship with VALIC

April 22, 2011 (PLANSPONSOR.com) – VALIC has been retained by Howard University and Howard University Hospital as a 403(b) plan provider.

VALIC has been a 403(b) provider for the group for 33 years and will now also be a 457(b) plan provider, as well as serve as the common remitter, according to a press release.   

The 6,700 employees at Howard University and its attached Hospital will have access to both VALIC’s annuity and open-architecture mutual fund platform that utilizes thousands of non-proprietary investment choices from over 100 fund families. VALIC will continue to provide access to professional financial advisers in the region who serve participants on-site and assist district employees with a wide range of retirement and financial planning issues.   

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The announcement said plan participants will also have access to a complete suite of Internet support services and financial planning tools. As the selected common remitter for both groups, VALIC will offer plan participants the ability to aggregate information about all potential sources of retirement income into a single location through VALIC’s vendor-neutral Retirement Manager program.

Employees Want to Improve “Green” Practices

April 21, 2011 (PLANSPONSOR.com) - According to OfficeMax's 2011 Green Workplace survey nearly two in three (64%) working Americans think their current employer could do a better job of being environmentally responsible.

A press release said respondents indicated only about one third (39%) of employers promote recycling bins around the office, nearly one in seven (13%) assign someone to oversee “green” practices, and only eight percent (8%) of companies offer incentives or rewards to employees for participating in “green” programs.   

The majority (84%) of working Americans say they personally recycle things such as paper at work, and four in ten (40%) of these employees are motivated by their desire to set an example for coworkers. Others admit they are motivated to personally recycle by wanting to help the environment (64%) or have a personal desire to make a difference in the world (58%). Yet, scrutiny among fellow coworkers is high with nearly three quarters (73%) of professionals saying their current colleagues could improve their habits to reduce their company’s environmental footprint.  

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Sixty-three percent (63%) of professionals who aren’t already doing everything they can to be environmentally-responsible agree they would be more motivated to adopt environmental practices at work if their company offered incentives. While a cash incentive (61%) is nice for some, it doesn’t take a lot to motivate most employees. An extra vacation day (46%), free lunch or party (44%), or special “green” gift (39%) would be all they need to take part. 

Yet, with or without incentives, nearly seven in ten (68%) surveyed professionals believe everyone is responsible for carrying out environmentally-responsible behaviors at work.   

OfficeMax’s survey was conducted online among 565 employed Americans.

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