Empower Benefit Consulting Services

Trusted excellence. Proven expertise.

Consulting services tailored to design, strategize, and optimize your plan’s full potential.

dedicated actuaries¹

20+

average years of actuarial experience¹

~500

serviced clients in 2024

Extensive experience across all plan types and sizes

Consulting for small and growing businesses, mid-sized companies, large corporations, government entities, multiemployer plans, and not-for-profit plans.²

Defined contribution

• Plan design 
• Benchmarking 
• Contribution modeling 
• Plan compliance 
• Complex nondiscrimination testing 
• Complex match and nonelective/profit-sharing calculations

Defined benefit

• Plan design 
• Plan administration oversight 
• Plan compliance 
• Plan experience studies 
• Recurring actuarial support 
• Risk management and de-risking 
• Cash balance design consulting 
• Path to termination

Nonqualified

• Plan design 
• Benchmarking 
• Contribution modeling 
• Executive calculations 
• FICA tax calculations
• Proxy support 
• Recurring actuarial support 
• Informal funding 
• Plan accounting reporting

Custom solutions

• Ad-hoc data reporting 
• Benefit statements 
• Human capital resource management 
• Merger and acquisition support 
• Compliance consulting

Optimizing outcomes for plan sponsors with Empower Benefits Design Score™

Evaluating and aligning your plan design to help meet your organizational goals and participant needs.

Not sure you’re making the most of your plan design?

Our in-house team is here to help guide you.

Shape your plan’s future with thought leadership

Discover original research, analytical insights and the latest trend updates - all crafted by our in-house team of experts.

Empower Benefits Design Score

A complimentary tool that helps you optimize plan effectiveness and employee outcomes.

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Effectively embracing auto features

For employers looking to recruit and retain employees, workplace retirement plans are a necessity.

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Let’s partner to solve your testing challenges

As a plan sponsor, what can you be doing now to help reduce or eliminate testing failures in the future?

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Maximizing employee benefits with limited capital

Empower Benefit Consulting Services (EBCS) can help you boost employee satisfaction.

Plan design strategies

Empower Benefit Consulting Services (EBCS) can help tailor your plan design and communication strategy to help increase participation rates.

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Is safe harbor right for your plan?

Challenges associated with passing ADP and ACP testing can negatively impact the effectiveness of a plan.

Incentive Bonus Program

Empower is offering a way for employers to gain an edge in the competition for top talent: the Incentive Bonus Program.

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Service you can count on, plan expertise you can trust

All images and screenshots provided are for illustrative purposes only.

1 Data as of December 31, 2024.
2 Services can be used on a one-off or ongoing basis. Additional fees may apply.
The Empower Benefits Design Score (EBDS) is an interactive dashboard designed for use by plan sponsors, financial advisors, Empower sales and relationship management associates to illustrate the estimated impact of certain plan design changes on employer costs and participant income replacement rates in retirement. The EBDS dashboard may consider participants’ current plan balance, age, salary, contribution rate, estimated future savings, and estimated Social Security benefit, to the extent such inputs and data are available and entered in the EBDS dashboard to generate a hypothetical estimate of monthly income at retirement.  

Empower does not provide legal, tax or fiduciary investment advice to the plan sponsor or plan by or through the EBDS dashboard. The projections generated by or through the EBDS are hypothetical in nature and do not prescribe any recommended course of action or guarantee any specific results. The EBDS provides educational information including options for consideration and further analysis by the plan fiduciaries about the retirement program. EBDS is based on the inputs and data provided by the plan sponsor. Different inputs and data may produce a different EBDS.  Some features of the EBDS dashboard may not be available in all simulations and the EBDS dashboard features, and underlying methodologies are subject to change without notice.

Investing involves risk, including possible loss of principal.

Unless otherwise noted: Not a Deposit | Not FDIC Insured | Not Bank Guaranteed | Funds May Lose Value | Not Insured by Any Federal Government Agency

Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC. EFSI is an affiliate of Empower Retirement, LLC.