Participant education and resources provided by Empower Retirement
The Empower participant experience:
- Translates savings into estimated monthly income in retirement
- Connects health and wealth for a holistic retirement planning experience
- Offers next steps to help boost income in retirement
- Provides a convenient way to adjust contributions and rebalance a portfolio
- Allows a participant to make immediate changes to their portfolio
- Delivers a top-rated mobile app
- Offers online requests for loans, distributions and hardships
- Provides annual fee disclosure statements
- Offers onsite participant education
Great-West Financial®, Empower Retirement and Great-West InvestmentsTM are the marketing names of Great-West Life & Annuity Insurance Company, Corporate Headquarters: Greenwood Village, CO; Great-West Life & Annuity Insurance Company of New York, Home Office: New York, NY, and their subsidiaries and affiliates, including registered investment advisers Advised Assets Group, LLC and Great-West Capital Management, LLC.
USA Retirement Savings Plan is not affiliated with Great-West Life & Annuity Insurance Company, Great-West Life & Annuity Insurance Company of New York or their subsidiaries and affiliates.
Fiduciary support from 3(38) investment manager SageView Advisory Group, LLC
- Selects and monitors plan investments in accordance with the Investment Policy Statement (IPS)
- Provides professional asset allocation solutions that are suited to each participant’s needs
- Monitors fees to ensure they are reasonable
- Advocates for plan sponsors by negotiating below-market investment costs whenever possible
Administrative support from 3(16) plan administrator Pentegra Retirement Services
- Provides employee notices
- Interprets and enforces plan documents
- Ensures IRS and Department of Labor compliance
- Includes an ERISA attorney as part of the compliance team
- Ensures flexibility in plan design
- Signs and files the 5500 as the plan administrator
- Accepts nearly all responsibilities and powers of an ERISA fiduciary