Empower serves more than 500 churches and religion-affiliated organizations1
Our experience in this market allows us to meet the challenges specific to your organization's needs. We offer:
We partnered with the Diocese of Nashville to increase participation and savings rates
Strategy
- Re-enroll anyone not currently saving at 3%.
- Add an auto increase feature to existing auto-enroll process to boost savings rates by 1% annually (up to 10%).
- Roll out new plan sponsor-directed increase of 1% each year for those saving under 10%.
Results2,3
- Increased plan participation from 88% to 93%.
- Raised the average savings rate from 8% to 8.6%.
- Systematically helping 731 participants save more toward their retirement goals.
We are the recordkeeper for more than 500 faith-based churches and religion-affiliated organizations1
Contact Empower to learn how we can help your employees
1 Empower data as of April 1, 2022. Information refers to all participants in faith-based plans administered by Empower.
2 Empower data as of 7/1/22 shows 731 of 868 targeted employees started saving more with the plan-initiated auto-increase.
3 Data provided is for illustrative purposes only and not a guarantee of future results. Results provided are based on The Diocese of Nashville plan data.
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