Great West Retirement Services is one of the leading companies in the retirement services. A division of Great-West Life & Annuity Insurance Company, Great west retirement services is entirely dedicated to providing retirement financial services.
Having regional offices all through the United States, the great west retirement services is headquartered in Greenwood Village, Colorado, and is licensed in all 50 states.
Great-West Retirement Services refers to products and services provided by Great-West Life & Annuity Insurance Company and First Great-West Life & Annuity Insurance Company. Great-West Life & Annuity Insurance Company is not licensed to do business in New York.
In various 401k, 403b, and 457b and similar plans, its having the record of more than 2.5 million defined contribution plan participants. Great West Retirement Services serves corporate, government, hospital and educational employees as well as individual participants.
Given below are the services offered by the Great West Retirement Services:
- Plan Administration & Recordkeeping Solutions
- Investment Selection Solutions
- Employee Communications, Enrollment & Education Solutions
- Plan Design & Compliance Solutions
Core investment options may be offered through mutual funds, collective trust funds, and/or a group fixed and variable deferred annuity. In all states except New York, Great-West Life & Annuity Insurance Company issues the annuity contract. In New York, First Great-West Life & Annuity Insurance Company, White Plains, NY, issues annuity contracts. Great-West Life & Annuity Insurance Company is not authorized to conduct business in New York.
In providing integrated, top-tier retirement products and services to their partners, the Great West Retirement Services is an industry leader. These include a powerful combination of critically-acclaimed solutions focused on
- Plan administration and recordkeeping
- Investment selection
- Employee communications
- Education and enrollment and
- Plan design and compliance.
By means of a workforce of retirement services professionals who are 100% focused on this business, these full-service solutions are delivered.
Since Great West Retirement Services is not licensed to do business in New York, Products are sold in there by its subsidiary, First Great-West Life & Annuity Insurance Company, White Plains, New York.
Securities when offered are offered through GWFS Equities, Inc., a wholly owned subsidiary of Great-West Life & Annuity Insurance Company and an affiliate of First Great-West Life & Annuity Insurance Company.
Plan Administration And Recordkeeping
In order to keep a plan running at peak performance, Great-West Retirement Services recognizes the power of delivering streamlined recordkeeping and administrative solutions. This is why they built and maintain one up to date recordkeeping system dedicated to managing and administering retirement plans.
The Great West Retirement Services was having Industry acclaimed Recordkeeping Expertise. It consistently positioned among the industry's top retirement plan record keepers. It was providing fully Integrated, Online, Real-time services, and delivers streamlined, flexible services through one recordkeeping system:
Investment Selection Solutions
More than ever, part of an effective defined contribution plan, plans need to develop and maintain a fiscally sound, prudently managed investment program. Great-West Retirement Services provides a powerful partnership of a registered investment adviser, mutual fund families, and investment managers brought together on the plan's behalf.
The Great West Retirement Services was having independent and objective due diligence Process as well as broad, flexible investment choices. In addition to these benefits, the Great West Retirement Services also offers user-friendly advice for plan participants.
Employee Communication, Enrollment, and Education Solutions
Great-West Retirement Services is a leader in implementing award-winning communication solutions that engage, educate and empower a workforce - and fuel their dreams for tomorrow.
Effective participant communication is not measured by the pound or expense, but by how easily participants come to understand the benefits of enrolling, investing, and planning before and during retirement.
The Great West Retirement Services was offering dedicated Service Representatives along with offering Effective Communication Programs and user-friendly enrollment and information tools.
Defined contribution retirement plans such as the 401k are usually sponsored by employers under rules established by The Employee Retirement Income Security Act of 1974 (ERISA) which dictates that an employer has a fiduciary duty to diversify investment holdings in retirement accounts. Often, this responsibility is outsourced to an established member of the retirement services industry and, often, this means the Great West Retirement Services.
Like Great West Retirement Services, dealing with the defined contribution and deferred compensation market, FASCore is a wholly owned subsidiary of Great-West Life & Annuity Insurance Company.
For large and small plans, FASCore provides record keeping and administrative services. Its services have expanded through partnership with banks, insurance companies, brokerage firms, mutual fund companies and other financial institutions.
In addition, the plans' participants can receive objective investment information from Advised Assets Group, LLC, and a registered investment advisor subsidiary of Great-West.
Whether the need is for retirement plans for public, private, or nonprofit employers or enrollment services, information material, investment options, and education services, employers can find help from Great-West.
Time-tested, comprehensive administrative and record keeping services for financial institutions customized individual life insurance or annuity products are all easily accessible.
You can find more information regarding the Great West Retirement Services by visiting their website at the URL www.gwrs.com.
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