Charles Nelson Named President of Great-West Retirement Services
GREENWOOD VILLAGE, CO, May 9, 2008 -- Charles P. Nelson, formerly senior vice president, has been named president of Great-West Retirement Services, it was announced by Mitchell T.G. Graye, president and chief executive officer of Great-West Life & Annuity Insurance Company. Great-West Retirement Services, a business unit of Great-West Life & Annuity, provides group retirement savings products and services to almost 3.9 million participants nationwide.
"This appointment recognizes Charlie's success in building Great-West Retirement Services into one of the country's leading retirement plan providers," said Graye. "One of our goals is to expand our financial services business through acquisitions and organic growth, and Charlie is playing a key role in helping Great-West accomplish this."
Nelson joined Great-West in 1983 and is the senior officer responsible for all aspects of the retirement business's defined contribution and defined benefit programs. He oversees the corporate, government, healthcare, non-profit, and institutional lines of business. His responsibilities include the general management of the business, which comprises recordkeeping, administration, operations, marketing, sales, products, financial results, and broker-dealer services. Nelson is a graduate of Whitman College with a degree in chemistry and economics.
About Great-West Retirement Services
Great-West Retirement Services is the fourth-largest retirement plan record keeper based on total participants at year-end 2007, according to a ranking by Spectrem Group. In all, Great-West Retirement Services provides 401k, 401a, 403b and 457 retirement plan services to approximately 20,000 plans representing almost 3.9 million participants and more than $116 billion in assets at March 31, 2008.
###
Click here for more material dealing with current trends, opinion, news, legislative action, investments, marketing, sales, consulting, and legal issues on 401k plans.
This is a press release provided by the company or its representatives. 401khelpcenter.com, LLC is not the author of this release and is not associated or affiliated with any firm or organization mentioned unless otherwise noted. Use of any information obtained from this release is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by 401khelpcenter.com, LLC.
