American International Group Inc. says it is changing the name it uses for its VALIC retirement plan unit to AIG Retirement Services.
The unit provides retirement plans and related products and services for K-12 schools, colleges, health care organizations, charitable organizations and other nonprofit employers.
(Related: AIG Completes Rebranding)
AIG manages a total of about $230 billion in retirement plan assets.
The nonprofit retirement plan unit rebranding should give the unit better name recognition among plan sponsors, consultants and retirement plan participants, AIG says.
The unit has relationships with about 1,250 advisors, according to AIG.