An array of investment choices
Your Ohio Alternative Retirement Plan (ARP) offers two investment choices: Portfolio Director® Fixed and Variable Annuity and Profile® Retirement Program (Profile).
Both products may offer you an excellent way to save for your retirement. You’ll want to allocate your investments among asset categories and classes to create a diversified investment program.
Our financial professionals can help you with that.
Through your ARP you can choose from the array of Portfolio Director’s 60 variable and three fixed investment options.
The following Portfolio Director investment options are available in your Ohio ARP retirement plan. They provide you with flexibility to create a suitably diversified portfolio that matches your personal retirement time horizon, investment risk tolerance and investment preferences.
Portfolio Director fees and expenses
You pay no account maintenance fees or initial sales charge, whether you invest in fixed or variable investment options. Also, annuity contracts typically include limitations, exclusions and expense charges, which are described in the current Portfolio Director prospectus. Depending on the variable options chosen, fees include Separate Account fees, which range from 0.55% to 1.05% and Annual Net Fund Expenses, which range from 0.21% to 1.35%. The current Annual Net Fund Expense is the current Annual Total Fund Expense less expense waivers or reimbursements. Fees are subject to change based on expense waivers and reimbursements. Surrender charges may apply, depending on your contract.
Taxes on contributions to your Portfolio Director annuity or Profile fixed option contracts can be deferred, subject to applicable contribution limits and related rules. That tax deferral is a result of issuing the contract, which satisfies specific important tax law requirements, including plan requirements, under your employer’s retirement plan. It does not result from the mere fact that the contract is an annuity. Therefore, you do not receive additional tax-deferred treatment of earnings beyond the treatment provided by the tax-qualified retirement plan itself.
You can also go online or via telephone to enroll in Profile, a choice of no-load mutual funds combined with a fixed annuity*.
Profile fees and expenses details
- $40 annual custodial fee ($10 per quarter)
- Mutual fund annual net fund expenses range is 0.35% - 1.59%. (see prospectus for more information). Does not apply to the fixed option.
- In-service withdrawals or transfers that exceed 20% of the amount allocated to the fixed option can be subject to fees or restrictions unless certain conditions are met.
* Policy Form IFA-406, a fixed annuity issued by The Variable Annuity Life Insurance Company, Houston, TX.
Some annuity contracts offer an optional death benefit. If you pass away before annuity payouts begin, your designated beneficiary will never receive less than the amount you contributed, provided no withdrawals have been made. A guaranteed death benefit is standard with Portfolio Director.
With Profile, in the event of your death, your named beneficiary would receive an amount equal to the then-current balance of mutual fund and fixed account assets.
All guarantees are backed by the claims-paying ability of The Variable Annuity Life Insurance Company.
To obtain a prospectus, visit www.aigrs.com. You can also call 1-800-448-2542 and follow the prompts to request all Portfolio Director annuity prospectuses. The prospectuses contain the investment objectives, risks, charges, expenses and other information about the respective investment companies that you should consider carefully before investing. Please read the prospectuses carefully before investing or sending money.