NEW YORK, N.Y., (May 9, 2016) — The Guardian Insurance & Annuity Company, Inc. (GIAC), a wholly-owned subsidiary of The Guardian Life Insurance Company of America® (Guardian), today announced the addition of 21 new investment options to The Guardian Choice® and 26 to The Guardian Advantage® lineup of retirement products. The additional options increase the breadth of asset classes available for plan sponsors utilizing these products to fund their qualified retirement plans.
The additions include the American Funds Target Date Retirement Series®, and offerings from other fund families including American Century and T. Rowe Price. Natural resources, utilities and sector funds from Dreyfus and Franklin Templeton have also been added. These new offerings increase the total number of funds available in The Guardian Choice® to 150 and in The Guardian Advantage® to 129.
The addition of the American Funds Target Date Retirement Series® further broadens the Qualified Default Investment Alternative (QDIA) options available to participants in conjunction with The Guardian Choice® and The Guardian Advantage®. Each fund’s investment allocation gradually transitions from a growth-oriented approach to a more income-oriented focus as the fund approaches and passes its target retirement date.
“Guardian is dedicated to offering customized products and resources for plan participants that align with their needs and help maximize retirement savings,” said Douglas Dubitsky, Vice President of Product Management at Guardian. “With these new fund options, Guardian’s retirement funding vehicles allow plan sponsors to select from a diverse and flexible investment line-up suited to meet the needs of their plan participants.”
Guardian is a leading provider of group retirement products in the micro-to small-plan market, helping plan sponsors, plan participants and the financial professionals who serve them optimize the retirement planning process. For more information, please visit 401k.GuardianLife.com.
The Guardian Life Insurance Company of America® (Guardian) is one of the largest mutual life insurers with $7.3 billion in capital and $1.5 billion in operating income (before taxes and dividends to policyholders) in 2015. Founded in 1860, the company has paid dividends to policyholders every year since 1868. Its offerings range from life insurance, disability income insurance, annuities, and investments to dental, vision, and 401(k) plans. The company has approximately 8,000 employees and a network of over 3,000 financial representatives in more than 70 agencies nationwide. For more information, visit Guardian’s website: www.GuardianLife.com, Facebook page: https://www.facebook.com/GuardianLife/, and Twitter: @GuardianLife.
Financial information concerning The Guardian Life Insurance Company of America® as of 12/31/15 on a statutory basis: Admitted Assets = $48.1 Billion; Liabilities = $42 Billion (including $37 Billion of Reserves); and Surplus = $6.1 Billion.
About Guardian Insurance & Annuity Company, Inc.
The Guardian Insurance & Annuity Company, Inc. (GIAC) issues variable insurance contracts such as variable annuities and variable life insurance; fixed annuities; and 401(k) funding vehicle products. For more information about retirement planning please visit www.401k.GuardianLife.com or www.MyRetirementWalk.com.