When I left working at a local University, I had unpaid overtime which was put in a "special account". I was NOT aware it was an "investment" acount. I DID NOT fill out an application. VALIC should NOT have accepted the funds without an application.
After a time corresponding with the University, I find I MUST fill out an application to get MY money. VALIC has "invested" the money in a manner which LOST money and will NOT return the money to me unless I "Apply" and request my funds - MINUS a charge by them!