What is the minimum investment required for my retirement plan?

The minimum investment required for a retirement plan with Great-West Financial can vary based on the specific type of plan you are considering. Generally, retirement plans such as 401(k) plans, Individual Retirement Accounts (IRAs), and annuities may have different minimum contribution limits. For employer-sponsored plans, the minimum contributions may be set by the employer and can depend on various factors, including the plan's design. Individual accounts like IRAs typically have their own contribution limits that are defined by the Internal Revenue Service and can change annually. It is essential for individuals to review the specific plan provisions or guidelines to understand what the minimum investment requirements are. For the most accurate information tailored to your individual circumstances, it may also be beneficial to refer to the current section of the Great-West Financial website dedicated to retirement plans. This section often provides detailed insights, as well as further resources that may assist in addressing your retirement planning needs.