GREENWOOD VILLAGE, COLO. July 11, 2024 – Empower announced today that the County of Orange, CA, has recommitted to the retirement services provider.

Empower will continue providing plan administration to the County of Orange of its 457, 401(a), and 3121 retirement accounts for 43,000 participants with approximately $2.5 billion in assets as of May 31, 2024.

The County of Orange has been a client of Empower since 2002 and committed to renew its contract beginning July 1, 2024.

“We believe we’ve done much more than build practical solutions for the County of Orange. We’ve built a foundation of trust based on a shared vision of success and challenging each other to move their retirement program forward,” said Rich Linton, president and chief operating officer at Empower. “Our organizations are better together and we are proud to continue supporting the County of Orange public service workers.

The County of Orange, CA, is home to the Disneyland Resort, Knotts Berry Farm, famous surf breaks, and award-winning dining. The County of Orange region is one of Southern California’s iconic, manicured beach towns and stands out as a top destination in the state.

“Helping prepare our employees for their financial futures will always be our top priority. The Empower team has proven its commitment to us and has implemented customized solutions that have met the needs of our large and diverse workforce,” said Susie Kim, senior program manager, human resource services/employee benefits, County of Orange. “Empower has always been committed to making continuous investments in technology to improve their services and experiences for our workers.”

“Financial advice is at the center of everything we do and is essential to building a firm foundation of financial health and we believe it should be available to everyone who wants it,” said Dan Morrison, head of government and Taft-Hartley markets at Empower. “We’ve created a robust, comprehensive program that helps individuals manage their finances no matter when and how they wish to receive advice and guidance.”

Morrison noted that Orange County has seen a 7% increase in plan participation, and their 2022 Save More campaign resulted in 13% of recipients increasing their savings rate within two months.

Empower is one of the largest providers of government 457 retirement plans in the country, serving entities across states, cities, counties, municipalities, associates, territories, and special districts (such as transit and utility), as well as police and fire departments.

Learn more about Empower’s 2024 government research, Empowering America’s Financial Journey TM: Government sector.

ABOUT EMPOWER

Recognized as the second-largest retirement services provider in the U.S.¹ by total participants, Empower administers approximately $1.6 trillion in assets for more than 18 million investors² through the provision of retirement plans, advice, wealth management, and investments. Connect with us on empower.com, Facebook, X, LinkedIn,TikTok, and Instagram.

Media contacts

Stephen Gawlik - Stephen.Gawlik@empower.com

Mandy Cassano - Mandy.Cassano@empower.com