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ING and the Education Market
At ING our goal is to educate the educators – working closely to help them fully understand their retirement options and how those options can work together to provide a secure retirement.
ING offers a broad range of tools to help educators quickly and easily understand the retirement options available to them. We provide value-added products and services to help educators save and invest wisely, and an experienced distribution force dedicated to serving their retirement needs
ING knows the education market:
ING Family of Companies (ING) has been providing products and services to Education plans since 1967.
- We’re a leading provider in K-12 and a Top 5 player in Higher Education.*
- ING has a local presence in more than 15,000 K-12 school districts and more than 1,200 higher education organizations. **
- We represent over $21 billion of assets and more than 600,000 individual participants in the education market alone (as of June 30, 2007).
- ING is the provider in 15 state Optional Retirement Plans across the country.
- ING has products and services available in all 50 states and is an approved provider in all 50 states to K-12 schools and to Higher Education institutions in 42 states.**
*Source: LIMRA International, Not-For-Profit Sales and Assets Survey, Q2 2007 results; ING ranks #2 based on total K-12 403(b) Education sales and participants. ING has ING has determined the ranking.
**Source: Internal Data as of 6/30/07
Giving Back to the Education Community
ING believes in the importance of recognizing and rewarding excellence in education. That’s why we are proud to support outstanding education initiatives in both K-12 and Higher Education:
- ING Unsung Heroes: over the past 10 years, more than $2.3 million has been awarded to teachers and schools to help fund innovative K-12 projects.
- ING is the presenting sponsor of National Teacher of the Year, the country’s oldest, most prestigious national honors program that recognizes excellence in K-12 education.
- The ING Foundation supports financial literacy initiatives across the country.
- We are one of the largest corporate sponsors of the Thurgood Marshall College Fund for African American students attending any of the 45 Public Historically Black Colleges & Universities.
- ING is a major sponsor of the American Council on Education (ACE) “Educating All of One Nation,” a conference focusing on access, diversity and institutional effectiveness.
- ING is a current active supporter of the Association of School Business Officials (ASBO), American Association of School Administrators (AASA), College University Professional Association for Human Resources (CUPA-HR), National Association of Secondary School Principals (NASSP) and National School Board Association (NSBA).
Employer Services
Products & Investments
There is no “one size fits all” way to save for retirement. That’s why our product line is specifically designed to meet the needs of employees at different life stages and varying levels of risk.
Our product line includes
- Variable annuity products offering investment options from well-known fund managers.
- Fixed and equity-indexed annuity products for more conservative investors.
- ING Solution Portfolio “fund of funds” providing a one-step approach to investing.
- Mutual funds and self-directed brokerage options
- Rollover/payout products.
You should consider the investment objectives, risks, charges, and expenses of the variable product and its underlying fund options, or mutual funds offered through a retirement plan, carefully before investing. The prospectuses/prospectus summaries/information booklets contain this and other information, and can be obtained by contacting your local representative. Please read the information carefully before investing.
Securities offered through ING Financial Advisers, LLC and other broker/dealers who have selling agreements with ING.
Online Services
With ING, education plan sponsors have immediate access to information about their plans through our Plan Sponsor Web site. This in-depth site allows you to:
- Stay up-to-the-minute on plan and participant level investment information.
- Send contributions and back-up files over a secure connection.
- Much, much more.
We also offer online enrollment capabilities.
Employee Services
Education
A key component of our programs is employee education. We combine one-on-one meetings with a robust library of materials and seminars to offer employees comprehensive, flexible access to information:
- Local representatives for individual meetings
- Asset allocation assistance and tools
- Benefit comparison calculations
- Award-winning enrollment materials
- On-campus educational seminars
- Account access via toll-free phone, Internet, and local representatives
Online Services
ING Access is our web interface designed to meet the changing needs of participants by giving them increased access to their retirement accounts. With ING Access, participants can:
- Get current account information.
- Review fund performance.
- Change the allocation of future contributions.
- Make transfers between existing investment options.
- Calculate different scenarios with our retirement income calculator and Allocation Mentor asset allocation tool.
Transition Assistance
Individual assistance is available for employees who are retiring and/or moving to or from another employer.
Financial planning/investment advice
Participants interested in more comprehensive financial planning have access to qualified fee-based planners through ING Financial Advisers, LLC. Our representatives can help your employees with in-depth assistance in such topics as:
- Retirement
- Asset accumulation
- Asset allocation
- Education planning
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