Introduction
Empower Retirement
www.empower-retirement.comAssets ($MM) by Plan Type | ||||
---|---|---|---|---|
Ranked #3 | $525,000 | |||
401(k) | $370,000 | |||
403(b) | $18,000 | |||
457 | $83,000 | |||
NQDC | $4,000 | |||
All Other | $50,000 |
Participants by Plan Size | ||||
---|---|---|---|---|
Ranked #2 | 8,300,000 | |||
<$10MM | 1,552,149 | |||
$10MM – $50MM | 1,183,787 | |||
>$50MM – $200MM | 947,328 | |||
>$200MM – $1BMM | 1,481,469 | |||
>$1B | 3,135,267 |
Service Offerings | |
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New client restrictions | None |
Multiple service models | Yes |
Offers corporate trustee services | Yes |
Internal ERISA counsel | 10 |
Will act as §3(16) fiduciary | No |
Participant Services | |
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Call center hours | Weekdays: 8 a.m. - 10 p.m. ET Saturday: 9 a.m. - 5 p.m. ET |
Online chat support | No |
Mobile app | Yes |
Managed account options | Financial Engines; Morningstar/Ibbotson |
Retirement Income | |
---|---|
Displays retirement income estimate on statements | No |
Offers in-plan guaranteed retirement income products | Yes |
Offers out-of-plan annuity bidding service | No |
Recordkeeping Platform Proprietary system |
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