Guided Portfolio Services

Guided Portfolio Services Expert, turn-by-turn investment adviceFor Plan Sponsor Use Only. Not for Public Distribution.

For Plan Sponsor Use Only. Not for Public Distribution.

Make it easyLet’s face it. Most employees consider choosing and monitoring retirementinvestments a chore. They’re busy. They don’t feel confident selecting investments.The result? Many do nothing.Employees want advice they can trust and the option to have aprofessional team of experts manage their investments.GPS is generally more appropriate for investors with a longer time horizon and isnot suitable for investors with a very short time horizon.The advice employees need, the way they want itGuided Portfolio Services (GPS) offers two approaches to help employees achieveretirement goals.Self Service. “I’ll do it myself.”Portfolio AdvisorFull Service. “Do it for me.”Portfolio ManagerOne approach, Portfolio Advisor, is for do-it-yourselfers while Portfolio Manageris for those who prefer to have someone else do it for them. Portfolio Manager isan asset allocation wrap fee investment advisory program designed for investorswho prefer to pay a fee based on total assets under management that coversadvice and asset management. Both approaches deliver objective advice fromindependent financial experts, including how much to save, when to retire, whichinvestments to choose and how much to invest in each.1For Plan Sponsor Use Only. Not for Public Distribution.

Help with important decisionsProblemStudies show that asset allocation can have a major impacton investment results.1 But many investors make uninformeddecisions and fail to diversify.SolutionGPS delivers objective investment advice to help investorsmake better decisions. It also advises on the impact ofchanges to savings/contribution rates and retirement age.GPS features personalized, objective investment advicefrom independent financial expert Morningstar InvestmentManagement LLC (Morningstar), a leading authority onasset allocation.2.5%3.9%93.6% of portfolioperformance is attributedto asset classselection2Asset classSpecific fund selectionMarket timing andother factorsNeither asset allocation nor diversification ensures a profit or protects against market loss.Source: Markowitz, H. The Journal of Finance, Vol. 7, No. 1 (Mar., 1952), pp. 77-91.1Determinants of Portfolio Performance;” Gary P. Brinson, L. Randolph Hood, Gilbert Beebower; Financial Analysts Journal, Vol. 42, No.24 (Jul.-Aug. 1986), pp. 39-44.2For Plan Sponsor Use Only. Not for Public Distribution.

Advice and managementGPS offers two options for implementing investment advice.DIY with expert advice.GPS Portfolio Advisor offers expertadvice, including asset allocation, fundselection, retirement income forecast,recommended savings rate and ongoingportfolio optimization.Manage it for me.GPS Portfolio Manager offers all of theadvice and services of Portfolio Advisor, plusit automatically implements the investmentadvice, provides ongoing asset managementand offers access to services via a financialadvisor. This optional service is available foran additional t of annual retirement income based onparticipant’s unique financial circumstancesComprehensive portfolio construction, includingasset allocation and investment selectionMonitoring of investment option lineupOngoing portfolio optimizationRecommended savings rate and retirement ageAccess to services via telephone and internetAccess to services via financial advisorAutomatic implementation of the investment adviceOngoing portfolio monitoring and asset rebalancingQuarterly advice statementAutomatic annual review and update of retirementincome projections and advice3For Plan Sponsor Use Only. Not for Public Distribution.

Build confidencewith directionFor employees who don’t have the time or desire to research investment strategies, GPScan offer the direction to make confident decisions about important financial matters.Here are a few questions GPS can help employees answer:Am I on track?GPS assesses retirement readinessto identify whether you are ontrack or if there are potential gapsin your retirement funding.How much do I need toinvest? GPS recommends apersonalized savings rate.When can I retire? GPSrecommends a retirement agebased on your situation.What kind of investmentsdo I need? GPS considersparticipants’ unique overallretirement portfolio, (includingother retirement assets, pensions,Social Security, future savings,etc.) and recommends anappropriate asset class mix.64For Plan Sponsor Use Only. Not for Public Distribution.What should I invest in?Using their recommended assetclass mix, GPS recommendsspecific investments and howmuch to invest in each, andmakes adjustments based onperiodic evaluations of howthose investments behave.Can someone elsemanage it for me? WithPortfolio Manager, GPSautomatically implements theadvice, rebalances the accountperiodically, regeneratesthe advice annually, andincorporates any changes to theadvice. With Portfolio Advisor,participants receive the sameinvestment advice — but it is upto the individual to implementthe advice and manage theiraccount to that advice on anongoing basis. This optionalservice is available for anadditional fee.

Help employees relax —now and in retirementGPS can help take the worry, confusion and uncertainty out ofretirement planning by offering: Independent, personalized advice A practical assessment of employee retirement readiness Continually updated advice to adjust to changing circumstancesFor Plan Sponsor Use Only. Not for Public Distribution.

GPS is an optional service offered through VALIC Financial Advisors, Inc. and is available for anadditional fee.Securities and investment advisory services offered through VALIC Financial Advisors, Inc. (VFA),member FINRA, SIPC and an SEC-registered investment adviser. American International Group, Inc. All rights reserved.VC 14950 (08/2019) J278303 EEFor Plan Sponsor Use Only. Not for Public Distribution.

Guided Portfolio Services (GPS) offers two approaches to help employees achieve retirement goals. One approach, Portfolio Advisor, is for do-it-yourselfers while Portfolio Manager is for those who prefer to have someone else do it for them. Portfolio Manager is an asset allocation wrap fee investment advisory program designed for investors