Empower Retirement - Guaranteed Interest Fund
Product ID: 213
Enrollment and Questions
PO Box 219697
Kansas City, MA 64121-9697
View the Contact Information tab on the Vendor Details page for a list of office locations.
The Guaranteed Interest Fund (GIF) is a general account product of Great-West Life & Annuity Insurance Company (GWL&A). As a general account product offered through the group annuity contract, participant principal and interest are fully guaranteed by the entire general account assets of GWL&A, which as of June 30, 2015, were $31.0 billion and include $1.9 billion in shareholder equity and accumulated
surplus. General Account liabilities as of June 30, 2015 were $29.0 billion. This means that GWL&A holds an additional 6.6% in capital for every dollar of liability we have. These assets are primarily high-quality, fixed income bonds, with 99% rated investment-grade and 16.2% rated AAA as of June 30, 2015
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All 403(b) products contain fees. The amount of fees varies greatly depending on the product. A slight increase in fees can
substantially reduce the growth in your account which will reduce your income in retirement. To learn more about the impact
of fees, and the different types of fees please refer to the
Explanation of Fees piece located in the
Help & Resources.
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