Empower and KPERS to continue eight-year partnership

Empower and KPERS to continue eight-year partnership

GREENWOOD VILLAGE, COLO. Jan. 10, 2024 – Empower announced today that the Kansas Public Employees Retirement System (KPERS) has renewed their partnership for another five-year term.

Empower will continue providing plan administration to more than 27,300 KPERS members with 457 deferred compensation retirement accounts who have saved approximately $1.3B in assets.*

“State and local employees are the backbone of our communities across the country, and all of us at Empower are grateful for the trust that KPERS has placed with us,” said Empower President and Chief Operating Officer, Rich Linton. “We look forward to continuing our work together to help these plan participants achieve the retirement security they deserve.”

KPERS has been a client of Empower’s since 2015 and has committed to renew its contract, beginning Jan. 1, 2024, for the next five years with two potential one-year extensions.

Based in Topeka, Kansas, KPERS administers five statewide pension plans for Kansas’ state and local public employees. KPERS provides retirement, disability and survivor benefits to its members and their beneficiaries.

As part of this renewal, KPERS is adding the availability of financial advice to its plan. Through this program, plan participants will have access to a more holistic financial planning experience that will help them with goal setting and debt management, along with more traditional retirement planning, which tends to lead to better engagement and retirement readiness for individuals. This addition, along with the other robust plan features and services already in place, will help to address key concerns and questions many participants have.

“KPERS is pleased to extend its relationship with Empower as the KPERS 457 deferred compensation plan recordkeeper. Empower’s experience with public sector and governmental defined contribution plans will allow the Retirement System to maximize participant engagement and communications while providing team continuity. We look forward to this continued partnership with Empower to serve our members,” said Alan D. Conroy, KPERS’ Executive Director.

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 recent government research, Empowering America’s Financial JourneyTM: Government sector.


Recognized as the second-largest retirement services provider in the U.S.1 by total participants, Empower administers approximately $1.4 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, Tik Tok and Instagram.

Media contacts:

Stephen Gawlik - Stephen.Gawlik@empower.com

Mandy Cassano - Mandy.Cassano@empower.com

1 Pensions & Investments 2022 Defined Contribution Survey. Ranking measured by total number of participants as of September 2022.

2 As of September 30, 2023. Information refers to all retirement business of Empower Annuity Insurance Company of America (EAICA) and its subsidiaries, including Empower Retirement, LLC; Empower Life & Annuity Insurance Company of New York (ELAINY); and Empower Annuity Insurance Company (EAIC), marketed under the Empower brand. EAICA’s consolidated total assets under administration (AUA) were $1,372.9B. AUA is a non-GAAP measure and does not reflect the financial stability or strength of a company. EAICA’s statutory assets total $71.5B and liabilities total $67.5B. ELAINY’s statutory assets total $7.2B and liabilities total $6.8B. EAIC’s statutory assets total $88.1B and liabilities total $87.0B.

*As of October 2023

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