Great-West Financial now includes a retirement income estimate on its account statements. Beginning with the fourth-quarter statements delivered in January, the new feature shows participants an estimate of their monthly retirement income based on the accounts Great-West Financial record-keeps for them.

"This is the latest tool in our suite of retirement readiness solutions for plan sponsors and participants," said Charles Nelson, president of Great-West Retirement Services. "We're delivering on our clients' desire to give their employees a realistic view of how much money they're likely to have each month during retirement."

The retirement income estimate automatically draws account data from Great-West Financial's recordkeeping system and is based on standard assumptions. User-friendly electronic and paper statements display the estimate on the first page. The information also appears on account home pages, updated with real-time data, when participants log in to their plan's website.