Products March 19, 2009

Great-West Launches Retiree Web Site

Great-West Retirement Services launched an interactive Web site geared specifically toward participants nearing or in retirement.
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Retiree Crossroads is a participant-specific Web site that addresses financial topics along with the emotional issues that participants may face once in retirement, according to a press release. Participants are able to access Retiree Crossroads through a portal on their existing participant Web site.

Gregg Seller, senior vice president of government markets for Great-West Retirement Services, said the Web site has been rolled out for participants in 457 plans serviced by Great-West, and is expected to be available for 401(k), 401(a) and 403(b) plans later this spring.

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“Retiree Crossroads reinforces the idea that retirement planning doesn’t end with retirement. On this site, participants have access to a host of resources and tools that will help them create their own unique retiree strategy,” Seller added, in the realse.

The Web site can be previewed at www.fascore.com/retiree_crossroads/.

Products March 19, 2009

Newkirk Provides Communication Material for Auto-Enrolled Plans

Newkirk unveiled enrollment communication called AutoBook, which is designed for qualified automatic contribution arrangement (QACA) and eligible automatic contribution arrangement (EACA) plans.
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According to a press release from the provider of defined contribution plan communications, AutoBook:

  • provides all necessary information to employees who are about to be automatically enrolled in a sponsor’s plan, including opt-out instructions for plan participation, automatic deferral increase, and default investment;
  • incorporates qualified default investment alternative (QDIA) notice information;
  • discloses administrative, participant, and investment fees.

AutoBook is customized on a plan-by-plan basis, and users can optionally include additional information such as plan highlights and fund descriptions, Newkirk said.

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Newkirk said the new booklet’s 5-by-8-inch size lowers production costs and offers potential distribution savings for providers or sponsors who mail their materials to newly eligible participants. The company is also able to print half-sized booklets.

More information is available by visiting www.newkirk.com or calling 800.525.4237.

 

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