Hallmark 401(k) Plans

Meh – just do it for me.

When it comes to investing, have you ever looked at your 401(k) account and the markets and thought, "I wish someone would handle all this for me!"

The Professional Management Program may be for you.

The Professional Management Program is available through Empower Retirement Advisory Services. If you sign up for this program, you turn over the investment management of your Hallmark 401(k) Plan account and a personalized plan is created for you, which you can review before it is put into action. The program manages your manage your money, making any necessary investment transfers and maintaining a risk level that is consistent with your investor profile.

The program also offers the following features:

  • Quarterly retirement update communications to keep you informed about your account
  • Access to investment advisor representatives
  • Routine monitoring of your account on an ongoing basis
  • Account rebalancing and adjustments to align your plan investments with your risk tolerance and long-term goals
  • Consideration of any assets outside your Hallmark 401(k) Plans account (tell an investment adviser representative, or enter them online to include these assets in the planning)
  • Income+ feature to help prepare your account for steady payouts in your retirement years

Income+ is a feature of Professional Management intended to provide steady payouts that can last for life. We will set aside a portion of your account to increase the likelihood that you’ll have the option to purchase an out of plan annuity by age 85 that could provide a lifetime income guarantee. AAG and FEA do not guarantee payout amounts or payouts for life.

How much is it?

You receive almost a 40% discounted rate through Hallmark1. So your cost is about $5 per month for each $10,000 in your account, with discounts for larger balances. That's based on a program fee of no more than 0.60% of your account balance per year.2

Your cost for the program is based on your account balance (as follows).

Portion of account Annual rate
Up to $100,000 0.60%
Next $150,000 0.45%
Over $250,000 0.15%

You pay the program fee from your 401(k) account, so there is no bill to pay and no reduction in your take-home pay.

1 The industry average is based on the latest advisor benchmarking study. The study found that 89% of registered investment advisors (RIA) charge 1%, or $8.33 per month per $10,000, for clients with less than a quarter-million dollars in assets. See www.wealthmanagement.com/advisorbenchmarking. Advised Assets Group, LLC (AAG) has no minimum balance requirement (except for nominal amounts, as needed operationally to manage the account). The 40% fee comparison assumes management of a $100,000 account. Industry average fees shown are subject to change. The results are based on an online survey of 381 self-selected RIAs conducted in June and July of 2013. Investment Advisor services vary. Some advisors in the study may provide different services than AAG.

2 Professional Management Program fees are charged in the frequency and manner detailed in the Terms and Conditions.

If you have questions about your 401(k) account or want to discuss any account changes, call Empower Retirement at 866-233-6886. Representatives are available to help you.

I want in! How do I sign up?

It’s easy to start. You don’t have to move your money — it stays right in your 401(k) account. Cancel anytime without penalty.

To enroll in the Professional Management Program, you can:
1. Go to www.financialengines.com/forhallmark .
2. Call Empower at 866-233-6886

60+, like Maxine?

Terms and conditions

© 2016 Great-West Life & Annuity Insurance Company. All rights reserved. PT264614 (4/2016)


This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for investment, accounting, legal or tax advice. Investing involves risk, including possible loss of principal.

Core securities, when offered, are offered through GWFS Equities, Inc. and/or other broker-dealers. GWFS Equities, Inc., Member FINRA/SIPC, is a wholly owned subsidiary of Great-West Life & Annuity Insurance Company. Representatives of GWFS Equities, Inc. cannot offer investment, fiduciary, financial, legal or tax advice. Please consult with your financial planner, attorney and/or tax advisor as needed.

There is no guarantee that participation in any of the advisory services will result in a profit or that the account will outperform a self-managed portfolio invested without assistance.

Advised Assets Group, LLC (AAG) uses Financial Engines Advisors L.L.C. (FEA) to provide subadvisory services. AAG is a federally registered investment adviser and a wholly owned subsidiary of Great-West Life & Annuity Insurance Company (GWL&A). FEA is a federally registered investment adviser and a wholly owned subsidiary of Financial Engines, Inc. More information can be found at www.adviserinfo.sec.gov. Financial Engines, Inc. is an independent company that is not affiliated with Empower Retirement, AAG, its parent company GWL&A, or any other affiliated companies and/or subsidiaries. Financial Engines® is a registered trademark of Financial Engines, Inc. All trademarks, logos, service marks, and design elements used are owned by their respective owners and are used by permission. © 2005-2016 Financial Engines, Inc. All rights reserved. Future results are not guaranteed by FEA, AAG or any other party. Empower Retirement refers to the products and services offered in the retirement markets by Great-West Life & Annuity Insurance Company (GWL&A), Corporate Headquarters: Greenwood Village, CO; Great- West Life Annuity Insurance Company of New York, Home Office: NY, NY; and their subsidiaries and affiliates. Professional Management Program and Online Advice are part of the Empower Retirement Advisory Services suite of services offered by AAG.