Great-West Trust Collective Investment Trusts

Fund Disclosure Documents

 

What is a Collective Investment Trust (CIT)?

A CIT is a trust created and administered by a bank or trust company that commingles assets from multiple clients. A CIT is not registered with the Securities and Exchange Commission (SEC), therefore it is not subject to the Investment Company Act of 1940. A CIT is, however, subject to banking regulations.

Why Great-West Trust for CITs?

Great-West Trust CITs are designed exclusively for the qualified retirement plan market. Great-West Trust CITs include both actively managed and passively managed (index) underlying options, allowing qualified retirement plans to benefit from the strengths of both investment approaches.

Through its affiliation with Great-West Life & Annuity Insurance Company (GWL&A), Great-West Trust also offers the scale, experience, and expertise to help plan sponsors meet their fiduciary obligations and help participants prepare for a more financially secure retirement. Some of the key advantages of this relationship include the following:

  • Deep asset management experience
  • Strength and stability you can rely on
  • A collaborative approach to asset allocation
  • Innovative asset allocation solutions

Deep asset management experience

With the Great-West Financial® family of companies, you're accessing a highly experienced asset management firm:

  • Great-West Financial is a large financial services firm headquartered in Greenwood Village, CO with more than 50 offices around the U.S.
  • Great-West Financial is a leading provider of employer-sponsored retirement savings plans, servicing approximately 36,000 plans nationwide, with more than 8 million participants and over $450 billion in assets under administration.1
  • Great-West Financial is the second-largest defined contribution record keeper by total participants.2
  • Great-West Trust provides trustee or custodial services to more than 21,000 employer-sponsored retirement plans and 97,000 IRAs, representing more than $270 billion in assets.3

1 As of December 31, 2016. Information refers to the entire retirement business of Great-West Life & Annuity Insurance Company and its subsidiaries, including Great-West Life & Annuity Insurance Company of New York (GWL&A of NY). Of the total $476.1B, $9.6B represents AUA of GWL&A of NY. AUA does not reflect the financial stability or strength of a company. As of December 31, 2016, Great-West Life & Annuity Insurance Company's assets total $60B and liabilities of $58B. As of the same date, GWL&A of NY's assets total $2.0B and liabilities of $1.9B.

2 Provided by Spectrem Group and shows the new DC provider ranking by participants through 8/31/14.The Great-West Financial total includes participants acquired through the JP Morgan acquisition, and now ranks #2, with 6.97MM PPTs.

3 As of December 31, 2018.