Empower Dynamic Retirement Manager™
Empower Dynamic Retirement Manager (DRM) is a qualified default investment alternative (QDIA). Unlike target date or risk-based funds, DRM offers two professionally managed investment solutions, one for employees starting their careers and a second for those closer to retirement with more complex retirement planning needs.
Today customers have become accustomed to personalized recommendations in many aspects of life. That’s why we believe QDIAs should be as unique as your employees.
How does DRM work?
DRM is a dynamic QDIA that integrates the benefits of a target date fund, or model portfolio, with those of a managed account. Employees starting their career are defaulted into a target date fund, for example, and then at an age predetermined by the plan transitioned into My Total Retirement™, the Professional Management Program or Advisor Managed Accounts.1
There is no guarantee provided by any party that participation in any of the advisory services will result in a profit.
The benefits of DRM
DRM helps employees benefit from timely, personalized advice, and personalized advice at the right time may help make a difference. Participants who work with an advisor may be on track to replace more income in retirement. Those who receive advice:
Are 2x more likely to use tax-optimized savings strategies.2
Are 9x less likely to react to market volatility.3
Employees receive an easy-to-understand communications experience through the transition to a personalized retirement strategy
Dynamic Retirement Manager at a glance4
in assets under management
Complements, not substitutes
Based on this analysis, participants do not consider managed accounts to be substitutes for target date funds.
Dynamic Retirement Manager
PLANSPONSOR of the Year winner Crate and Barrel shares insights and the success they had implementing Dynamic Retirement Manager.
Does your QDIA still fit your plan?
New DCIIA research provides insight from plan sponsors adopting dynamic QDIAs.
To learn more about making your default as unique as each client contact your sales representative at 877-630-4015
1 My Total Retirement offered through Empower Dynamic Retirement Manager is provided by AAG. The Professional Management Program offered through Empower Dynamic Retirement Manager is provided by AAG. The managed account service offered through Empower Dynamic Retirement Manager is provided by the named registered investment adviser as defined by the advisory services agreement.
2 As of June 1, 2020. Empower recordkeeping data. Advisory Services participants average 10% higher savings rates than target date fund savers and have 16% higher web utilization.
3 As of March 27, 2020. Empower recordkeeping data.
4 As of March 31,2022. Empower recordkeeping data.
Online Advice and My Total Retirement are part of the Empower Retirement Advisory Services suite of services offered by Advised Assets Group, LLC, a registered investment adviser. My Total Retirement offered through Empower Dynamic Retirement Manager is provided by AAG.
Online Advice and the Professional Management Program are part of the Empower Retirement Advisory Services suite of services offered by Advised Assets Group, LLC, a registered investment adviser. The Professional Management Program offered through Empower Dynamic Retirement Manager is provided by AAG.
Online advice and the managed account service are part of the Empower Retirement Advisory Services suite of services
FOR FINANCIAL PROFESSIONAL USE ONLY.