A woman holding a tablet in office environment raises hand

Provide participants with a complete retirement picture

Make Total Retirement Solutions℠ (TRS) your single source for retirement portfolio administration and information.

Total Retirement Solutions

At Empower, we are a leader in total retirement solutions, offering defined contribution, defined benefit, nonqualified deferred compensation, retiree healthcare and consulting services to provide individuals with a complete retirement picture that meets them where they are in life.

An image of a laptop screen demonstrating the Empower experience.

Solutions

By complementing our qualified defined contribution (DC) offering with our defined benefit (DB), nonqualified (NQ) and actuarial consulting services, we provide a single source for retirement portfolio administration and information.

Integration

By allowing us to administer qualified DC, DB and NQ plans, employers benefit from a seamless integration across our service teams. This allows us to streamline the process for a consistent overall experience.

Plan management

We provide plan design consulting, plan sponsor and employee websites, education, trustee, check and tax services, and more to help manage day-to-day plan needs.

All in one place

We can also integrate an employee health savings account, stock equity plans, student debt solutions and more without requiring a change in providers. This provides a comprehensive snapshot of an individual’s overall benefits in one centralized location.

Empower's TRS book of business

1.3T

assets under administration in defined contributions1

$31.3B

assets under administration in nonqualified2

$18.78B

assets under administration in defined benefit1

A comprehensive approach

Hands type on a laptop keyboard

Defined contribution plans

Empower offers innovative financial services solutions in plan administration design, enrollment services, recordkeeping, communications and investment options to public, corporate, nonprofit, government and Taft-Hartley plans. Our mission is to help individuals pursue the financial future they imagine while allowing plan sponsors to provide a competitive benefits package with minimal administrative burden.

Defined benefit plans

We know defined benefit plans can be an important part of an individual’s overall retirement income. With more than 90 years3 of expertise, Empower provides a comprehensive solution to streamline all aspects of managing a DB plan as part of an integrated view of a retirement program. Our four pillars of DB services provide an increasingly streamlined experience for sponsors and their employees. Our pillars include:

Administration | Actuarial consulting | Investment management | Integrated investment platform

Two women in an office discussing financial matters
A man holding a table smiles

Nonqualified plans

Recruiting and retaining key employees is important to all companies. These key employees often need retirement savings in excess of qualified plan accounts to maintain their lifestyles. Providing opportunities to enhance retirement savings is a valuable benefit that can help to achieve recruitment and retention objectives. We have over 60 years3 of experience and NQ experts available to help develop a meaningful total rewards package for a retirement plan.

Plan design consultants

Our Empower Benefit Consulting Services (EBCS) team includes an actuarial consultancy of 25+ credentialed consultants with over 20 years’ experience on average to help manage the unique risks associated with defined contribution, defined benefit and nonqualified plans.

A man sitting at a desk smiles

Contact Empower to learn how Total Retirement Solutions can help your employees

1 As of June 30, 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 of America, marketed under the Empower brand. EAIC’s consolidated total assets under administration (AUA) were $1,289.3B. AUA is a non-GAAP measure and does not reflect the financial stability or strength of a company. As of June 30, 2022, EAIC’s statutory assets total $77.2B and liabilities total $74.3B. ELAINY’s statutory assets total $6.9B and liabilities total $6.7B. Empower Annuity Insurance Company's statutory assets total $82.1B and liabilities total $80.8B.

2 Financials for nonqualified include COLI-administered assets as of June 30, 2022.

3 “Years of experience” refers to the business entities and related products and services that Empower acquired from Prudential and MassMutual.

Carefully consider the investment option’s objectives, risks, fees and expenses. Contact Empower for a prospectus, summary prospectus for SEC-registered products or disclosure document for unregistered products, if available, containing this information. Read each carefully before investing.

Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC. EFSI is an affiliate of Empower Retirement, LLC; Empower Funds, Inc.; and registered investment adviser, Empower Advisory Group, LLC. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice.  

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.

Investing involves risk, including possible loss of principal.

Insurance products are issues by or offered through Empower Annuity Insurance Company of America, Corporate Headquarters: Greenwood Village, CO; or in New York, by Empower Life & Annuity Insurance Company of New York, Home Office: New York, NY. 

The managed account service is part of the Empower Advisory Services suite of services offered by Empower Advisory Group, LLC, a registered investment adviser.

The Empower Institute is a research group within Empower.

“EMPOWER” and all associated logos, and product names are trademarks of Empower Annuity Insurance Company of America.

All features may not currently be available and are subject to change without notice. ©2022 Empower Retirement, LLC. All rights reserved.

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