The PGA of America has picked VALIC to run the PGA of America Golf Retirement Plus Program.
VALIC will take charge of a supplemental retirement plan with about $160 million in assets and 6,500 golf professional participants.
The golf pros have an average of about $25,000 in assets each in their plan accounts.
VALIC is a Houston-based subsidiary of American International Group Inc.
VALIC offers the FutureFIT portal for participants, the SponsorFIT portal for plan sponsors, and a large network of live-human financial advisors.
Rhona Aime, the PGA of America chief financial officer, said in a statement that her organization likes VALIC’s advisor network.
“We look forward to PGA Members working with VALIC’s many financial advisors while also utilizing VALIC’s robust offering of educational tools,” Aime said.
VALIC as a whole has $100 billion in assets and 1.8 million plan participants. That means that, overall, the average VALIC plan participant has about $55,000 in assets invested with a VALIC plan.