Empower Retirement
| Industry | Financial services |
|---|---|
| Headquarters | Denver, Colorado |
Key people | Edmund F. Murphy III, President |
| Parent | Great-West Lifeco |
| Website | http://www.empower-retirement.com |
Empower Retirement is a retirement plan record keeping company based in Denver, Colorado.[1] Part of Great-West Life & Annuity Insurance Company, it is an indirect wholly owned subsidiary of Great-West Lifeco.[2]
Empower is led by President Edmund F. Murphy III, who reports to Robert L. Reynolds, CEO and President of Great-West Financial.[3]
History
Empower was created in 2014 when Great-West Life combined the record keeping services of Great-West Financial, JPMorgan Chase, and Putnam Investments.[4]
In 2016, Empower was named the Retirement Leader of the Year at the Mutual Fund Industry Awards.[5]
Products and services
Empower serves employer-sponsored retirement plans, including all sizes of corporate 401(k) plans, 403(b) plans for non-profits, as well as government 457 plans. Empower also provides a private-label record keeping service.[6]
References
- ↑ "Empower Retirement and Optum Launch Innovative, Integrated HSA Solution for Retirement Plan Participants" (Press release). Optum – via New York Times.
- ↑ "Our History". Empower Retirement.
- ↑ "Great-West Financial names Edmund F. Murphy III to head newly combined retirement organization" (Press release). Great-West Financial.
- ↑ "Great-West Financial launches EmpowerTM to represent retirement services offerings for U.S. marketplace" (Press release). Great-West Financial.
- ↑ Satter, Marlene Y. "Mutual Fund Industry Awards honor companies, individuals". BenefitsPRO.
- ↑ "Great-West Financial rebrands retirement business after acquisitions". Denver Business Journal.