Defined benefit plans. Smarter for you. Simpler for them.
Defined benefit plans. Smarter for you. Simpler for them.
Streamlined administration. Reduced complexity. Integrated participant experience.
A better defined benefit (DB) experience
Integrated services backed by decades of extensive experience in administration, actuarial, investment management, and trust and custody.
Administration
Sponsor and participant services
- Full spectrum of DB plan administration services, from software as a service (SaaS) to co-sourcing to full outsourcing
- Servicing all plan sizes and market segments, including corporate, public, nonprofit, and multiemployer
- Innovative platform supporting all structures and types of DB plans, including traditional pension, cash balance, hybrid, and others
- Mergers and acquisitions, complex plan changes, historical data review and cleanup, administrative audits, and plan-termination administration
Actuarial consultancy
Comprehensive consulting services
- ERISA and ongoing compliance support
- Generally Accepted Accounting Principles (GAAP)/Governmental Accounting Standards Board (GASB) reporting expertise
- Comprehensive view of benefit and actuarial solutions
Investment management
In-house registered investment advisor
- Dynamic asset advisor
- Liability driven investing
- Corporate and government coverage
Trust and custody
Integrated investment platform
- Trust and custody plan assets
- Investment menu asset class and strategy
- Issuance of benefit payment statements and 1099 reporting
Education and participant services
Comprehensive education program
- Robust web portal, real-time calculations, online retirement capabilities, and integrated Customer Care Center
- On-demand online statements and forms fulfillment
- Full suite of retiree services and tools
- Custom participant communication strategies, employee meeting services, 1:1 pre-retirement sessions
Pension risk management
- Small cashouts, lump-sum windows, annuity placements
- Plan-termination consulting and administration
Modernize and simplify your DB plan with purpose
Facing funding pressures or administrative hurdles? We’re here to help you tackle challenges head-on with practical solutions and support.
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Workplace plan integration
With our DB, DC, and NQ experience, we help streamline and simplify.
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Experienced guidance
Backed by actuarial insight, risk management, and regulatory knowledge.
Redefining pension plans
Helping you transition from a traditional defined benefit plan to a modern, forward-looking solution.
Cash balance plans
Gain pension reliability with the flexibility today’s employees value. Let Empower assist you with design, actuarial services, plan documents, government filings, and administration.
Path to termination
Assisting you as you transition your pension plan to the next stage with forward-looking solutions to an overall benefits offering.
Let’s explore what’s next for your DB plan
No matter your path — refining, transitioning, or terminating — our deep knowledge helps you move forward with confidence. We’re ready when you are.
How funded stats trends are affecting DB plans
Evaluating the impact of higher interest rates and strong investment performance on your retirement program.
A comparison of nonqualified and cash balance plans
What’s the right way to provide additional retirement benefits while balancing cost, compliance, and long-term business impact?
Optimizing benefits
The sponsor is challenged to strike a balance between cost and offering employees a rewarding benefits package.
DB legislative and regulatory update
New emerging trends present opportunities for retirement plans to consider in 2025 and beyond.
