Younger Generations Name Emergency Savings No. 1 Worry
Research from CAPTRUST suggests that plan sponsors can leverage advisers to improve outcomes for their employees.
Tag: Empower
Empower Adds Blackstone as Alternative Investment Fund Manager
The largest alternative investment asset manager is pairing with Empower to include private market investments in direct contribution plans.
SEC Fines Vanguard and Empower More Than $25M for Adviser Compensation Disclosure Failures
The two companies allegedly provided misleading statements and failed to disclose conflicts to retail and retirement plan investors, according to...
Empower Accused of Pushing Excessive Costs, Underperforming Investments
The complaint alleges that Empower Advisory Group and its affiliates misled retirement plan participants into transferring savings into high-fee investment...
Warren Says Empower Responses to Questions About 401(k) Private Equity Investments Inadequate
An Empower spokesperson said the company is currently not commenting on the possibility of a response to Warren’s second letter,...
Empower Responds to Private Markets Inquiry from Senator Warren
The asset classes should be available to retirees to help with the ‘democratization of private investing,’ Empower CEO Edmund Murphy...
Do Private Markets Present a Lucrative Opportunity ‘Fraught With Peril’?
Jerry Schlichter says fiduciaries’ responsibilities have been complicated by provider desires to make private market investments available via 401(k) plan...
Senator Warren Wants Information About Empower’s Push Into Private Equity for 401(k) Plans
Democratic Senator Elizabeth Warren wrote to the company’s CEO, Edmund Murphy III, outlining concerns about the asset class and demanding...
Swiss Re 401(k) Participants Drop Allegations Against Empower
The former Swiss Re employees had accused Empower of charging excessive recordkeeping fees and using participant data to market its...
Empower 401(k)s Will Get Access to Private Investments
Through relationships with several private investment fund managers and custodians, the recordkeeper will bring private investments to managed accounts in...
Empower Launches Zero Fee Index Fund For Retirement Plans
The company says the fund will offer retirement plan participants higher growth potential by removing management fees.
Empower Expands Benefits Services With Consumer Directed Health Care Offering
The CDH product suite is being offered through a partnership with Alegeus Technologies LLC.
Empower’s Q3 Earnings Surge 35% Year-Over-Year to Record Highs
The company saw growth across both its retirement plan and recently revamped wealth management divisions.
Empower Acquires Equity Compensation Platform OptionTrax
The deal expands Empower’s services into equity compensation administration and management.
Empower Finalizes Prudential Retirement Business Integration
Firm cites enhanced technology and scale with final integration of 2022 recordkeeping platform acquisition.
Partnering On In-Plan Advice
Recordkeeper Empower and two large RIA advisories discussed why they’re partnering on adviser-managed accounts geared toward plan participants of all asset levels.
Empower to Launch Startup 401(k) Plan Solution
The recordkeeper announcement comes as Cerulli forecasts almost 1M plans will be created by 2030.
Former Fidelity Private Wealth Head Joins Empower’s Wealth Division
Roger Hobby was hired by Empower to a senior role in its recently rebranded consumer wealth division; he is the...
Empower Announces Suite of Guaranteed Income Solutions For Retirement Plans
Empower plans to distribute the four new offerings through advisers and consultants.
Empower Reports Year-Over-Year Growth in Workplace, Wealth
CEO Ed Murphy says the firm is on the lookout for wealth-related acquisitions and notes 500 employees were hired into...