Empower Retirement, LLC 401(k) Savings Plan
| Plan name | Empower Retirement, LLC 401(k) Savings Plan |
| Location | Greenwood Village, CO |
| Asset size ($mm) | $1,156 |
| Participants | 5,236 |
| Industry | Financial Services |
| Participation rate | 95% |
| Average deferral rate | 9.9% |
| # of funds offered | 27 |
| Investment review | Quarterly |
| True-up match | Yes |
| Match vesting period | Immediately upon enrollment |
| Eligibility | Immediately upon hire |
| Default deferral rate | 3% |
| Default investment | TDF (all types) |
| Automatic escalation | Opt-out |
| Systematic withdrawals | Yes |
| Fee equalization | Yes |
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| Match rate | 51% – 99% of first 6% of salary |
| % receiving full match | >75% |
| Maximum employer contribution | 15% |
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| Financial education | Â |
| Saving/Budgeting | Yes |
| Investing strategies | Yes |
| College saving | Yes |
| Credit/Debt management | Yes |
| Tax/Estate planning | Yes |
| Retiree health costs/savings options | Yes |
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| Recordkeeper | Empower Retirement |
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