Empower and the State of Oklahoma continue two-decade partnership

Empower and the State of Oklahoma continue two-decade partnership

America’s ‘Sooner State’ signs on again to provide retirement benefits to 47,000 government workers

GREENWOOD VILLAGE, COLO. August 14, 2023 – Empower announced today they will extend its 22-year partnership with the State of Oklahoma, a relationship that began in 2001.

The Colorado-based retirement provider will continue to provide retirement services to Oklahoma’s public employees through the Oklahoma Public Employees Retirement System (OPERS), which consists of two retirement systems each with defined contribution programs – a mandatory 401(a) and an elective 457(b) totaling approximately $1.3 billion* in combined assets.

“We are grateful when we can continue partnering with a plan sponsor like the State of Oklahoma who we’ve served for more than 20 years. It demonstrates we are doing the right thing together,” said Rich Linton, president and chief operating officer at Empower. “Maintaining strong client relationships is all about trust, and that’s what our teams at Empower focus on every day. That will always be our priority.”

The renewal commenced July 1, 2023.

“We have seen positive outcomes for our state and local employees over the years, which has always been a significant goal of the plan,” said Joe Fox, executive director, Oklahoma Public Employees Retirement System. “The Empower team knows our members and understands their needs. They provide customized materials for our diverse group of government employees and together, we have a shared vision going forward, which is something we are all looking forward to achieving.”

“The State of Oklahoma’s workforce includes state and local employees in so many stages of their careers so our retirement counselor and Customer Care Center representatives help tailor solutions to ensure we are meeting all their unique needs,” said Dan Morrison, senior vice president, government markets at Empower. “We are grateful they continue to trust our service team, and we will remain committed to help them prepare for their futures with confidence.”

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.


Empower is the second-largest retirement recordkeeper in the U.S.1 Services provided include advice, wealth management, investing, and retirement services. Headquartered in Greenwood Village, Colorado, Empower administers approximately $1.4 trillion in assets2 for more than 18 million investors.2 Connect with us on empower.com, Facebook, Twitter (X), LinkedIn, TikTok and Instagram.

Media contacts:

Stephen Gawlik -  Stephen.Gawlik@empower.com

Mandy Cassano - Mandy.Cassano@empower.com

*As of June 2023.


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

2 As of March 31, 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 $1,400.0B. AUA is a non-GAAP measure and does not reflect the financial stability or strength of a company. EAICA’s statutory assets total $74.6B and liabilities total $70.9B. ELAINY’s statutory assets total $7.1B and liabilities total $6.8B. EAIC’s statutory assets total $86.6B and liabilities total $85.3B.

On August 1, 2022, Empower announced that it is changing the names of various companies within its corporate group to align the names with the Empower brand. For more information regarding the name changes, please visit empower.com/name-change.

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. 

Advisory services are provided for a fee by Empower Advisory Group, LLC (EAG). EAG is a registered investment adviser with the Securities and Exchange Commission (SEC) and subsidiary of Empower Annuity Insurance Company of America. Registration does not imply a certain level of skill or training. Investing involves risk. Past performance is not indicative of future returns. You may lose money. All visuals are illustrative only. Actors are not EAG clients.

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