Articles from Empower

Empower announced today it is temporarily waiving distribution and mailing fees in an effort to support the financial needs of individuals affected by wildfires in southern California.

Empower Media has been named the Media Agency of Record (AOR) for Whataburger, the beloved southern fast-food chain known for its bold flavors and distinctive Texas charm. This partnership marks a significant step forward for both Empower and Whataburger as they collaborate to elevate the brand’s presence to cut through in new markets.

Empower has announced third-quarter earnings achieved as of September 30, 2024, through business growth, higher market returns and sales momentum in its Workplace Solutions and Personal Wealth units.

Empower, a leading provider of retirement and wealth management services, today announced that it has acquired Plan Management Corporation (PMC), the creator of OptionTrax®, a leading digital equity plan administration platform and service provider.

Empower is announcing the kickoff of a new partnership with Hard Rock Stadium and the Miami Dolphins.

Empower is announcing record second-quarter earnings achieved as of June 30, 2024, through business growth and sales momentum in its Workplace Solutions and Personal Wealth units.

Workers in the nation’s public transit systems tend to save at better rates and engage with their retirement plans more frequently than other public sector workers.*

Empower announced today that Casey Craig has been appointed executive vice president of Empower’s Large, Mega and Not-for-Profit (LMN) segment.

Empower announced today that eight-time Emmy Award-winning broadcaster Vanessa Welch is joining the company as Vice President for Financial Insights.

Empower announced today that Marta Norton, CFA, will join the company as Chief Investment Strategist.

Empower announced today that KC Waldron will join the company as chief compliance officer.

Empower is announcing record first-quarter earnings achieved as of March 31, 2024, through business growth and sales momentum in its Workplace Solutions and Personal Wealth units. The company now administers over $1.6 trillion in assets for 18.6 million individuals.1 In addition, Empower is announcing the completion of its integration of the retirement business it acquired from Prudential Financial in 2022.

Empower today is unveiling new plans to launch a digital solution that will remove access barriers and give more small employers the ability to establish workplace retirement plans for their employees.

Empower announced today that Roger Hobby will join the company as Executive Vice President and Head of Advisory & Distribution for the firm’s wealth management business – Empower Personal Wealth™.

Empower today announced a comprehensive suite of new partnerships with asset management and insurance providers to offer a market-leading range of in-plan and out-of-plan guaranteed retirement income solutions for investors saving through workplace plans.

Empower today announced that it has entered its tenth year of operations with record earnings achieved through sustained business growth and sales momentum. The firm’s full-year after-tax base earnings1,2 in 2023 were $749 million (US) or $1 billion (CAD). The company now administers more than $1.5 trillion in assets for 18.5 million individuals.

Empower announced today that Dave Gray will be joining Empower as executive vice president for enterprise solutions. This new role includes working across the Empower organization to evolve and grow platform and partnership solutions to support the next phase of enterprise growth and lead the company’s enterprise data strategy with the goal of expanding and enhancing Empower’s portfolio of offerings to customers.

As markets in 2023 are showing signs of recovery and consumers continue to cope with the residual impact of higher inflation, Empower’s new personal wealth unit has seen steady gains all year through a proven strategy: the provision of financial advice.

American workers are benefiting from higher savings account rates, a rebounding equity market from 2022 (although still marked by volatility) and a strong employment market.

Empower’s advisor-sold retirement plan business, which encompasses plans with up to $50 million in assets under administration (AUA), is seeing new organic growth and expansion to new areas of the market, according to insights released by the firm today.

Empower announced today they will be sponsoring PGA TOUR golfer, Kurt Kitayama, who just enjoyed his first PGA TOUR victory in March at the prestigious Arnold Palmer Invitational, a feat that also earned him a spot in the 2023 Masters Tournament at Augusta.

Professional advice is essential for individuals seeking to adopt a retirement income solution that is tailored to their unique personal and financial situations, according to a new paper published by Empower.

Empower, a titan of the retirement planning industry, has announced its ambitious expansion in consumer wealth management with the launch of its Personal Wealth division to make money management simpler, clearer, and more accessible.

Money is a complicated experience for many Americans; in fact, only 34% of Americans report feeling very financially healthy.1 Empower, a leader in financial planning, investing, and advice, is changing that. The company launched a new digital experience at Empower.com, personal finance site and newsletter, The Currency™, to help answer money questions so people can take on what’s next in life, work, and play.

Empower will join forces with the Retirement Clearinghouse, LLC (RCH) and other leading retirement services providers in a new consortium to accelerate the nationwide adoption of auto-portability to help more American workers improve their retirement outcomes.

Empower today is announcing the promotion of Kelly Noble to General Counsel and Chief Legal Officer, effective March 2, 2023.

Empower today announced that Carol Waddell is taking on broader responsibilities as president of a newly created organization within Empower that will deliver consumer wealth management services for individual investors.

Empower is announcing a new sponsorship with golfer Davis Riley, who is now beginning his second year of the Professional Golfers’ Association (PGA) Tour.

Rising prices and inflation are certainly affecting American workers but despite the economic environment, Americans remain resilient -- and more than 63 percent of Americans are confident they are financially on track for retirement.

As Empower approaches the completion of its integration of the acquired MassMutual retirement business, the company is announcing key client milestones tied to furthering the success of employers and retirement investors the company is now serving.

Workers saving for retirement through Taft-Hartley defined contribution plans enjoy higher levels of optimism about the future, feel greater commitment from their organizations and tend to make heightened use of digital tools to help in their retirement planning process.

Empower announced today that Brown and Caldwell (BC) has signed on to renew the two-decade long relationship with the retirement plan provider. Empower will continue to deliver retirement services to approximately 2,000 BC employees. The savings plan has $470 million in assets.

Empower announced today that the State of Illinois has chosen the nation’s second-largest retirement plan recordkeeper1 to manage its 457(b) retirement plan for its approximately 62,000 state employees. The plan has approximately $4.9 billion in assets.2

Empower is announcing a series of entity name alignments that aim to strengthen its brand and simplify how the organization connects with customers.

The State of North Carolina Supplemental Retirement Board of Trustees recently approved a five-year contract extension with Empower.

Empower announced today that the State of Wisconsin Deferred Compensation Board under the Department of Employee Trust Funds has renewed its Wisconsin Deferred Compensation Program (WDC) supplemental retirement savings plan contract with Empower totaling $6 billion in assets.2 The partnership began in 2005.

Empower, the nation’s second largest retirement plan provider,1 has achieved $62 billion in retirement plan sales in 2022. The AUA figure represents funded and committed organic sales.

Empower, a leading retirement plan provider, and Rockefeller Capital Management (“Rockefeller”), a leading independent financial advisory and services firm, are partnering to offer the next evolution in retirement investing with innovative technology, a diverse menu of expertly managed investment options, and fiduciary protection.

The pandemic and economic uncertainty has created challenges for state and local government employees who say saving for retirement is a top financial priority for 2022.

Empower announced today the appointment of diversity and inclusion (D&I) practitioner Djuana Beamon as Chief Diversity & Social Responsibility Officer.

Empower has launched an official brand presence on TikTok to deliver the accessible and authentic financial information young investors say they crave.

Empower today unveiled its initial steps toward a fresh brand identity aimed at simplifying how the organization connects with customers.