Great-West Launches Guaranteed Income Investment Options
February 5, 2010 (PLANSPONSOR.com) - Great-West
Retirement Services has introduced a new set of guaranteed income investment
options.
SecureFoundation
can protect participants’
retirement income when the market drops, allow them to benefit when it goes up,
and can provide them a retirement income for life, said Charlie Nelson, president of
Great-West Retirement Services.
The
investment options include a portfolio of lifetime asset allocation funds and a
balanced portfolio, according to a press release. Plan sponsors may include one or both of these guaranteed income
investment options, and may select one of them as the qualified default
investment alternative for their plan.
SecureFoundation
has low or no plan-level fees. Participants pay only the fund management fee, and as applicable, they
pay the guaranteed benefit fee.
According to the announcement, with the addition of SecureFoundation, Great-West Retirement Services'
Reality Investing Lifetime
Solutions suite guides participants from accumulation, to preparing for
retirement, through retirement.
"Reality
Investing Lifetime Solutions uses a consistent approach and methodology for
guidance, advice, managed account, lifetime asset allocation, and retirement income products. It
enables plan sponsors to rest assured that they’re able to meet the changing
needs of their employees with a consistent approach," said Nelson.
More information is
at http://www.gwrs.com.
Rebecca Moore
editors@plansponsor.com