Empower Retirement, LLC 401(k) Savings Plan

Plan nameEmpower Retirement, LLC 401(k) Savings Plan
LocationGreenwood Village, CO
Asset size ($mm)$1,156
Participants5,236
IndustryFinancial Services
Participation rate95%
Average deferral rate9.9%
# of funds offered27
Investment reviewQuarterly
True-up matchYes
Match vesting periodImmediately upon enrollment
EligibilityImmediately upon hire
Default deferral rate3%
Default investmentTDF (all types)
Automatic escalationOpt-out
Systematic withdrawalsYes
Fee equalizationYes
  
Match rate51% – 99% of first 6% of salary
% receiving full match>75%
Maximum employer contribution15%
  
Financial education 
Saving/BudgetingYes
Investing strategiesYes
College savingYes
Credit/Debt managementYes
Tax/Estate planningYes
Retiree health costs/savings optionsYes
 
RecordkeeperEmpower Retirement
Note: Match rates and employer contributions are simplified for reporting purposes and may have other attributes (e.g., caps/limits, tiers, etc.) not listed here.
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