Английская Википедия:Empower (financial services)

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Шаблон:Short description Шаблон:Infobox company

Empower is a retirement plan recordkeeping financial holding company based in Greenwood Village, Colorado, United States.[1] It is the second-largest retirement plan provider in the United States.[2]

History

Empower was created in 1891, when parent company Great-West Lifeco was founded as an insurance provider on the Canadian prairie.[3] After serving more than a century of expansion and a profound evolution of service offerings, the modern iteration of Empower was launched in 2014, when the retirement businesses of Great-West Life combined the record-keeping services of Great-West Financial, JPMorgan Chase, and Putnam Investments.[4] Part of Great-West Life & Annuity Insurance Company, Empower is an indirect wholly owned subsidiary of Great-West Lifeco.[1] Empower is led by President and CEO Edmund F. Murphy III.[5]

In 2019, Empower signed a 21-season contract to the naming rights of the Denver Broncos stadium, which is named Empower Field at Mile High.[6]

In June 2020, the company announced its acquisition of Personal Capital, an investment and wealth management adviser, for $825 million.[7] As of June 2020, Empower has administered more than $1.0 trillion in assets for 12.0 million individuals over 67,000 Organization retirement plan participants.[8] In September 2020, the company also acquired the retirement plan business of MassMutual for $4.4 billion.[9]

Empower acquired the heritage SunTrust 401(k) recordkeeping business, which includes approximately 300 retirement plans consisting of more than 73,000 plan participants and $5 billion in plan assets.[10]

On September 29, 2020, Empower announced that it would acquire the retirement plan recordkeeping business of Fifth Third Bank.[11]

February 1, 2022, "Empower" replaced "Empower Retirement" as the company's public-facing brand name.[12]

April 4, 2022 Empower acquired Prudential’s full service retirement.[13]

Companies

References

Шаблон:Reflist

External links

Шаблон:Power Corp