Report: #1154564

Complaint Review: Great West Financial - Greenwood Village Colorado

EDitorial Comments

WARNING!
Do not buy masks
from unknown
unreliable websites!

Coronavirus Covid-19
order masks now??

Political Signs Must Go!

EDitorial Comment
ED Magedson – Founder
Ripoff Report

Flood Damaged Vehicles
Unscrupulous Auto Dealers

How to identify hurricane
damaged trucks, cars RV's
motor cycles boats:
Ripoff Report Investigates

HELPFUL RESOURCES
Covid-19 coronavirus

Identifying coronavirus
Covid-19 rip-off scams

Featured Ripoff Reports

View More Recent
Featured Reports

Past Featured Reports

Don’t let them
Get away with it!

Make sure they make
the Ripoff Report!

EDitorial Comments

Wichita Kansas Attorney
Brad Pistotnik Indicted

Cyber Attacks & Content
removal scheme against
Ripoff Report

Ripoff Report Investigates

Drug Rehab Deception Addiction Treatment Industry Rocked By Fraud & Abuse. Patients made into prostitutes and sex slaves, bilking insurance companies out of millions

Sac_County Iowa Prosecutor Ben Smith pays $750,000 to settle Ripoff Report 1983 civil rights lawsuit.. Federal Judge stops prosecutors abuse of power against ED Magedson Founder of Ripoff Report

Ripoff Report Investigates!

Bogus Celebrity Advertisements FACE & Skin CREAM Ripoff! Don’t click on those slick Ads!

Phony Ad using Ellen DeGeneres
& hundreds of other A-list Stars...

Celebrity Skin Cream wrinkle cream rip-off advertisements US Based and Foreign companies bilked consumers out of Hundreds of Millions of dollars over the past 7 years

WHAT IS YOUR STORY?
ARE YOU A VICTIM?
FORMER EMPLOYEE?

WE WANT TO HEAR IT!
Contact Our Team Now!
CLICK HERE

What the BBB has done to consumers for over 100 years is one of the many reasons why Ripoff Report was created.

Better Business Bureau
What Consumers need to know

20/20 exposes the real BBB

In The Media

See more videos

We Need Your Help!

Learn More Here

Ripoff Report is Xcentric Ventures

Submitted: Fri, June 13, 2014
Updated: Fri, June 13, 2014
Reported By: Grab — Spartanburg South Carolina

Author Not Confirmed

Why?

Great West Financial Greenwood Village, Colorado USA

Phone:
Web: www.greatwest.com
Category: Financial Services

Great West Financial Great West is in competent. Greenwood Village Colorado

REBUTTAL BOX™ | Respond to this Report! | Consumer Comment

Show customers why they should trust your business over your competitors...

Add Rebuttal to this Report

File New Report

← Is this

Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.

How to fix
Ripoff Report

If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Great West handles the South Carolina Deferred Comp Program. I needed to withdraw some money and was amazed to find out I needed to print out 15 pages and return 5. That's right a 5 page form to get your money. I was told to withhold 20% by the rep that I spoke with. In filling out the form, I put down to withhold 20%. I also was amazed to see that Great West charges for direct deposit.

When I got my check, 40% was deducted. When I called, I was told that 20% is automatically withheld, so they withheld 40%! When I called, the rep I spoke with said nothing could be done.

I then posted about this on Great West's Facebook page. A representative of Great West did call and return the 20%. I explained to him at no time did anyone offer to help me fill out the forms, nor was I told it was possible to get the 20% returned. I thanked him for his time, and explained that I would be rolling over my and my wife's accounts.

After the problems of last week, I went to my financial advisor to complete a rollover. I printed the forms needed from Great West off the internet, signed them, and my financial advisor faxed them in on 6/3/14.
Today, 3 large packets came, dated 6/5/14 stating the forms I printed off of YOUR WEBSITE WERE NO LONGER VALID, and "A current Distribution Request form must be completed. We can no longer accept the older version of this form".
This makes me ask the following questions:
1.) WHY THE HECK ARE THE FORMS STILL ONLINE IF YOU CAN NO LONGER ACCEPT THEM?
2.) Why did you not email or call me stating I needed the "correct" form, so I could have faxed them in?
3.) Why did your reply, dated 6/5/14 take a week to reach me. According to the postmark, it took 4 DAYS for the letters to be posted.
Great West has caused me to potentially lose THOUSANDS of dollars due to the recent stock market losses. I will make sure to tell my friends in the SC Retirement System my experiences, and will contact my state legislators, and the state treasurer.

This report was posted on Ripoff Report on 06/13/2014 08:37 AM and is a permanent record located here: https://www.ripoffreport.com/reports/great-west-financial/greenwood-village-colorado/great-west-financial-great-west-is-in-competent-greenwood-village-colorado-1154564. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

Click Here to read other Ripoff Reports on Great West Financial

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal

Respond to this report!

Also a victim?

Repair Your Reputation!