Great-West adds retirement income to account statements

Great-West Financial now includes a retirement income estimate on its account statements. Beginning with the fourth-quarter statements delivered in January, the new feature shows participants an estimate of their monthly retirement income based on the accounts Great-West Financial record-keeps for them.

“This is the latest tool in our suite of retirement readiness solutions for plan sponsors and participants,” said Charles Nelson, president of Great-West Retirement Services. “We’re delivering on our clients’ desire to give their employees a realistic view of how much money they’re likely to have each month during retirement.”