Deals and People | September 23rd, 2024 Empower Adds Equity Compensation With OptionTrax Acquisition Recordkeeper and wealth manager adds equity compensation administration and management with latest acquisition.
Deals and People | June 21st, 2024 Retirement Industry People Moves Empower hires Boston broadcaster to new role and appoints head of retirement plans segment; alternatives asset manager hires Samantha DeZur;...
Compliance | June 14th, 2024 84 Lumber Co. Retirement Plan Sued for High-Fee Investments In-Plan A lawsuit against the Pennsylvania-based company has alleged the plan’s recordkeeper fees were higher –than average and that the plan...
Deals and People | June 3rd, 2024 Marta Norton Named Chief Investment Strategist of Empower Norton is leaving Morningstar, where she held a similar position, for the newly created role at the recordkeeper and wealth...
Products | May 9th, 2024 Product and Service Launches Empower providing retirement plan administration to Arizona city; TruStage enhances annuity; Confluence Technologies announces analytics partnership; and more.
Deals and People | May 2nd, 2024 Empower Completes Integration of Prudential Financial Retirement Business Since acquiring the business in 2022, Empower has officially integrated Prudential’s recordkeeping system onto its platform.
Products | March 21st, 2024 Product and Service Launches TIAA Distributes Annuity to Empower DC plans; HSA Bank launches emergency savings accounts; Navia partnership launches custom 401(k) plans; and...
Administration | March 21st, 2024 Empower Partners With Variety of Firms to Pair Guaranteed-Income Products With Advice Empower is working with asset managers and insurance companies to launch a new lineup of products to convert savings into...
Benefits | March 6th, 2024 Dawn Foods Boosts Employer 401(k) Matching Contribution Michigan-based Dawn Foods Inc. changed its contribution matching formula to increase the total and reduce participants’ confusion.
Investing | February 12th, 2024 Insurance Broker’s PEP Launches for Private Equity, Venture Portfolio Firms San Francisco-based Woodruff Sawyer enters the pooled employer plan market, seeking to attract startup plans through the firm’s private equity...
Deals and People | January 30th, 2024 Empower Names Former Fidelity Exec to New Enterprise Role Dave Gray has been named executive vice president of enterprise solutions to expand customer offerings.
Compliance | December 21st, 2023 Empower Calls on DOL to Withdraw Fiduciary Proposal According to the recordkeeping giant, the proposal would reduce plan and participant access to sales conversations and recordkeeping services.
Administration | November 8th, 2023 Portability Services Network Officially Launches The launch comes about a year after the program was announced in 2022, with the goal of capturing lost or...
Compliance | October 10th, 2023 Retirement Industry Calls On SEC to Withdraw Proposal on AI, Conflicts of Interest The proposal would limit the availability of educational and retirement readiness tools for participants, commenters say.
Administration | March 8th, 2023 Empower Expands Wealth Management Offerings New services will include combining, monitoring, and advising wealth across investments, including workplace retirement plans.