Great-West Retirement Services^® Fee Disclosure

Clarity in a Complex World: Plan Fee Disclosure for Plan Fiduciaries

The United States Department of Labor (DOL) has taken significant steps to make sure retirement plan participants are getting the services they need for a fair price. New 408(b)(2) regulations require each service provider supporting a plan to report plan fees and expenses, and to describe the services covered by those costs.

At Great-West Retirement Services (Great-West), we believe it’s time to take the lead in setting a new standard for simple, transparent fee disclosure. We've created a new fee disclosure document that does just that.

How Great-West is Helping You

We've enlisted the help of DALBAR, Inc. the nation's leading financial services market research firm, to certify that our new approach complies with DOL regulations. In fact, we want to do more than just comply. We want to give plans sponsors meaningful information that can help you make informed decisions and meet your fiduciary obligation. It's an approach we call "Clarity in a Complex World," and it makes fee information easy to find, easy to understand, and easy to track.

With that goal in mind, we combined various fees and expenses into a single, comprehensive document and even disclosed certain fees not required by the new regulation.

Fee disclosure updates will be available to Plans on the Plan Service Center (PSC) under the Fiduciary Records Tab. The fee disclosure document will be updated monthly.

For More Information on 408(b)(2) Plan Fee Disclosure

Great-West has prepared the items below to help educate you on the new DOL 408(b)(2) regulation and how they affect you.

• How to Read
• Video (password: clarity)
• Plan Sponsor Checklist
• Fee Disclosure Promo
• Announcement Flyer

Assisting Plans with Participant Fee Disclosure

Great-West is also preparing to help plan sponsors provide the participant fee disclosure documents as required by the DOL. These new requirements are provided under the Employee Retirement Income Security Act of 1974 ("ERISA") Regulation Section 404(a)-5, also known as the Participant Fee Disclosure Regulations (the "Regulations"). The Regulations are applicable to ERISA defined contribution plans that allow participants to direct their own investments. While these Regulations are not applicable to non-ERISA plans, non-ERISA plans may elect to comply with the Regulations as a best practice.

Through our Participant Fee Disclosure Document Generation Services, Great-West will be generating a document to help plan sponsors satisfy the participant fee disclosure requirements under the Regulations called the Investment Returns & Fee Comparison (the "Disclosure"). Below is a sample of the Participant Fee Disclosure.

For More Information on 404(a)-5 Participant Fee Disclosure

• Sample Participant Fee Disclosure