Welcome SunAmerica Clients | Millennium Trust Company

Welcome SunAmerica Clients

We're glad you are here!

Reuniting people with their retirement savings and then helping them continue to prepare for their financial future is our specialty.

Let us help you through this transition.

  • AIG Federal Savings Bank d/b/a SunAmerica Trust Company has arranged for us to serve as the successor custodian of your automatic rollover IRA.
  • Your account will move to Millennium Trust on June 21, 2021 unless, on or before June 17, 2021, you request that SunAmerica Trust Company transfer your IRA to another financial institution or transfer your IRA to an employer-sponsored retirement plan that accepts rollovers, or take a full distribution of your IRA.

We look forward to helping you along your retirement journey while giving you the control and flexibility you need to manage your own portfolio.

About Millennium Trust

Benefits of your new Individual Retirement Account (IRA).

Exceptional Service, Streamlined Platform

Have a question? Submit an inquiry or provide us with your email address to stay informed through the transition.

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FAQs

Why is my account being transferred to Millennium Trust?
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SunAmerica Trust Company will no longer serve as the custodian of your automatic rollover IRA and has made arrangements for Millennium Trust to serve as the successor custodian of your account. Your account will move to Millennium Trust on June 21, 2021 unless, on or before June 17, 2021, you request that SunAmerica Trust Company transfer your IRA to another financial institution or transfer your IRA to an employer-sponsored retirement plan that accepts rollovers, or take a full distribution of your IRA (which may have tax consequences).

What do I need to do if I want to have my account transferred to Millennium Trust?
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If you wish to have your IRA transferred to Millennium Trust on June 21, 2021, you do not need to take any further action. If you would like to transfer your SunAmerica Trust Company IRA to another financial institution, transfer your IRA to an employer-sponsored retirement plan that accepts rollovers, or take a full distribution of your IRA, you must submit your request, in good order, to SunAmerica Trust Company on or before June 17, 2021.

Will I receive a final statement from SunAmerica Trust Company?
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Yes, you will receive a final account statement for your SunAmerica Trust Company IRA reflecting activity in your IRA for the portion of 2021 that your IRA was held there.

How will my account balance be invested?
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If your IRA is currently invested in the AIG Government Money Market Fund, SunAmerica Asset Management LLC has made the decision to liquidate this investment and it will no longer be available to you as an investment option. As a result, in connection with the transfer of your IRA to Millennium Trust on June 21, 2021, your IRA assets will be moved into the VALIC Fixed-Interest Option (Policy GFUA-315). You can view the fund fact sheet here.

If your IRA is currently invested in other mutual fund(s), your IRA will remain invested in the existing mutual fund(s). However, AIG has determined to merge or liquidate some or all of these mutual funds in the third quarter of 2021. At the time of merger or liquidation of such mutual funds, your assets will be invested in the merged funds, or in the case of a liquidated fund, in the Millennium Trust Cash Sweep program. SunAmerica Trust Company has previously provided you information regarding the proposed Agreement and Plan of Reorganization of the AIG Funds into the Touchstone Funds, pending shareholders’ approval on June 10, 2021 or a later date.

Once my account is transferred, when can I get access to my account?
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You will be able to access your Millennium Trust account online beginning on June 28, 2021, allowing you to view your account balances, assets, transaction history, statements and trade online.

Important reminder: If you complete and submit the "Contact Us and Stay Connected" webform above, we can notify you when you're able to log into the online platform.

Who do I contact with more questions?
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If you have any questions regarding your SunAmerica Trust Company IRA, the merger or liquidation of the mutual funds in which you may be invested, how to request a transfer or a distribution from your IRA or any other questions regarding the transition of your account to Millennium Trust, please contact SunAmerica Asset Management, LLC at 800-858-8850.

For information on Millennium Trust's products and services, please complete and submit the "Contact Us and Stay Connected" webform and one of our representatives will contact you. You can also call us at 877-682-4727.

Contact Us and Stay Connected

Rest assured that we are working hard to make sure the transition goes smoothly and keep you informed. Please provide your contact information so that we can email you when online access is available as well as any important updates. If you have a question for us, submit an inquiry and one of our client service specialists will contact you.

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Important Key Dates

06/17/2021

Final day to submit a request, in good order, to SunAmerica Trust Company to transfer your IRA to another financial institution, transfer your IRA to an employer-sponsored retirement plan that accepts rollovers, or take a full distribution of your IRA, (which may have tax consequences), prior to it being transferred to Millennium Trust, effective as of June 21, 2021.

06/18/21 – 06/27/21

To facilitate a smooth and seamless transition, access to your account will not be available during this brief period of time. Investment directions, transfers, distributions, and other requests will not be processed.

06/28/21

Online access will be available for your Millennium Trust IRA. Please complete and submit the "Contact Us and Stay Connected" webform to receive email reminders of these important dates.

Account Documents

Please download and carefully review a copy of the amended and restated custodial agreement and important disclosures applicable to your account type that will take effect when your account transfers to Millennium Trust. We encourage you to either save an electronic copy or print them out for your records.

Automatic Rollover Traditional IRA Agreement and DisclosuresAutomatic Rollover Roth IRA Agreement and DisclosuresFee Schedule