What fees are associated with my retirement plan?

Great-West Financial offers a variety of retirement plans, and the fees associated with each plan can vary based on several factors, including the type of plan, investment options, and the services provided. Common fees that participants may encounter include administrative fees, investment management fees, and sometimes individual service fees. Administrative fees are typically charged for the overall management of the retirement plan, which can cover recordkeeping, compliance, and reporting costs. Investment management fees are associated with the underlying investments within the plan and can differ based on the type and performance of those investments. It is important to note that specific funds may have their own expenses, such as expense ratios, which will also impact the overall fees. Additionally, some plans might charge individual service fees for specific transactions, such as loans or hardship withdrawals, or for accessing particular investment options. To get an accurate understanding of the fees related to a specific retirement plan, participants should review the plan's summary plan description or fee disclosure documents. These documents generally provide detailed information regarding the various fees associated with the retirement plan. For the most current and specific information, please consider looking on the Great-West Financial website, where they provide detailed resources and contact information.