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April 28, 2010, Featured Articles

Great-West Enters the In-Plan Income Space

By Kerry Pechter   Wed, Apr 28, 2010

"SecureFoundation" wraps a lifetime income rider around a set of proprietary target date funds for an all-in annual fee of 160 basis points.

The fourth largest retirement plan recordkeeper in the U.S. has begun offering an in-plan group variable annuity option that allows defined contribution plan participants to add a guaranteed lifetime withdrawal benefit (GLWB) option to their target-date fund assets.


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