What Types of Services Does Great-West Retirement Services Offer?


Quick Answer

Great-West Retirement Services specializes in contribution retirement plans and lifetime retirement services. The company provides typical retirement plan services such as 401k, 401a, 403b and 457, according to Bloomberg.

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Full Answer

Apart from the usual retirement plan services, Great-West Retirement Services also offers investing advisory for retirement planning such as managed account service, online investment advice and online investment guidance. Its headquarters is located in Greenwood Village, Colorado, and operates as a subsidiary of Great-West Life & Annuity Insurance Co., notes Bloomberg.

Great-West Life & Annuity Insurance Company is the second biggest insurer of life insurance programs through banks in terms of sales in the United States, as of December 2014. The company first opened its U.S. sales office in North Dakota in 1906. As of 2014, the company has total assets amounting to more than $58 billion and revenues on the upwards of $2 billion. The company is a member of Power Financial Corporation Group of Companies.

The Great-West Retirement Services offers its products and services through the company's own sales force, independent insurance brokers, consultants, advisers, third-party institutions and other financial institutions. The Empower Retirement is among its top retirement products. As of December 2014, it ranks second in terms of defined contribution record keepers by participants.

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