FINANCIAL_SERVICESONGOING

District Designates VALIC for 403(b) Severance Contributions

Avon Lake City Schools will use the group annuity contract of VALIC as the tax-sheltered annuity vehicle for its mandatory 403(b) Plan, receiving eligible administrators’ severance pay contributions upon retirement. Participation and contributions are subject to IRS limits and require completion of VALIC enrollment forms.

Status
ONGOING
Document date
August 4, 2026
Contract type
FINANCIAL_SERVICES
Vendor
VALIC
Agency
Avon Lake City Schools · OH

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Veritone logo
TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Renewal
No explicit renewal terms stated; VALIC serves as the designated 403(b) group annuity provider until changed by Board action or policy amendment.
Document type
Policy
Source document
Avon Lake City Schools Administrator Handbook 2026-08-04

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Avon Lake City Schools?

VALIC was awarded this financial services contract by Avon Lake City Schools, as recorded on August 4, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a policy record.

Where was this contract approved?

This contract appears in Avon Lake City Schools Administrator Handbook 2026-08-04 (Policy), dated August 4, 2026 from Avon Lake City Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does VALIC hold?

VALIC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Avon Lake City Schools currently buying?

Explore Avon Lake City Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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