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Plan Administration

More than 71,000 clients, including some of the largest financial institutions and government plans in the U.S., trust us with their plan administration needs1

With our state-of-the-art record keeping platform serving as a foundation, our fully integrated proprietary system allows for a more dynamic approach to handling your needs.

Best-In-Class Awards2

Our plan sponsor experience offers a comprehensive look at your plan’s relevant information with tools that help improve plan results and reduce administrative tasks.

Plan Administration

Sponsor Services

Participant Services

Support Services

Investments and Fees

Empower saves you time and makes plan administration seamless and simple by:

Helping to reduce your administrative and fiduciary responsibilities.

 

Using data to help ensure your employees receive notices and educational communications.
 

Keeping track of your plan activity in real time and helping to improve your plan’s design as needed.

Ongoing plan design & compliance services

Your plan design consultant stays committed to your plan to support ongoing compliance testing and ERISA services. In-house experts and external consultants collaborate to help you meet your fiduciary responsibilities. Together, these experts offer the following:

  • Ongoing assistance and updates related to issues such as pension reform change
  • Comprehensive IRS/Department of Labor plan testing and compliance counseling
  • On-demand testing available at any time at no additional cost
  • Regulatory updates that provide information and tools to help meet your fiduciary responsibilities
  • Proactive, plan-specific compliance and consulting support, including customized merger and acquisition support
  • Standard consulting services at no additional cost

1 As of April 2, 2022. Information refers to all retirement business of Empower Annuity Insurance Company of America (EAIC) and its subsidiaries, including Empower Retirement, LLC; Empower Life & Annuity Insurance Company of New York (ELAINY); and Empower Annuity Insurance Company (EIC), marketed under the Empower brand.

2 2022 PLANSPONSOR Defined Contribution Survey, January 2023.

Not all product offerings and services are available in all states or to all plan sizes and types. Please contact your Empower representative to determine what is available for your situation.

By accessing this content, you are certifying you are a plan sponsor or financial professional.

IMPORTANT: The projections, or other information generated on the website by the investment analysis tool regarding the likelihood of various investment outcomes, are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. The results may vary with each use and over time.