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4,300 retirement plans
- With this transaction, which includes 4,300 retirement plans and 4 million participants, Empower now has 16 million clients across all major markets, including government, not-for-profit and profit businesses, said Ed Murphy, chief executive officer of Empower.
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Jul 21, 2021 · Empower expects the acquisition to benefit retirement plan participants by combining two client-focused businesses with deep retirement expertise on a single state-of-the-art technology platform.
Jul 21, 2021 · The acquisition will allow Empower to expand services to the broadening spectrum of workplace savings plans it now serves, which includes mega, large, mid-size and small corporate 401(k) plans; government plans ranging in scale from state-level plans to municipal agencies; not-for-profit 403(b) plans; and collectively bargained Taft-Hartley plans.
Apr 4, 2022 · The $3.5 billion acquisition expands Empower’s reach to more than 17.1 million retirement plan participants with $1.4 trillion in assets under administration on behalf of approximately 71,000 clients. 1
Apr 4, 2022 · The $3.5 billion acquisition expands Empower’s reach to more than 17.1 million retirement plan participants with $1.4 trillion in assets under administration on behalf of approximately 71,000...
Jul 21, 2021 · Empower Retirement said Wednesday it agreed to acquire Prudential Investments’ full-service retirement business in a $3.55 billion deal, as the retirement plan administrator bolsters its...
Jul 21, 2021 · The acquisition will allow Empower to expand services to the broadening spectrum of workplace savings plans it now serves, which includes mega, large, mid-size and small corporate 401(k) plans; government plans ranging in scale from state-level plans to municipal agencies; not-for-profit 403(b) plans; and collectively bargained Taft-Hartley plans.
May 2, 2024 · Moving retirement plans from the Prudential recordkeeping system to Empower’s launched in early 2023 and is now complete. Empower purchased the retirement plan business for $3.55 billion.
