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Administrator Puts VALIC Annuity In Platform

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CPI Qualified Plan Consultants Inc. has agreed to market a group fixed annuity from a unit of American International Group Inc. to employer-sponsored retirement plans.

CPI, Great Bend, Kan., says it is building the annuity, the Guaranteed Fixed-Interest Option contract from AIG VALIC, Houston, into its retirement plan platform for 401(k) plans, 403(b) plans, 401(a) plans and 457(b) plans.

The annuity contracts offers a minimum interest rate of 2% in most states and a minimum rate of 3% in New York, Oregon and Utah.

CPI is an independent retirement plan administration firm that provides plan services for more than 3,000 plan sponsors.