GREENWOOD VILLAGE, COLO. May 8, 2024 – Empower announced today that the City of Mesa (AZ) Fire and Medical will be joining the nation’s second-largest retirement provider¹ this summer.

Empower will provide 457(b) retirement plan administration to more than 850 public service employees with assets totaling approximately $88M.*

The contract will commence on July 1, 2024, with a five-year term and may be renewed up to a maximum of two years.

“Firefighters put their lives at risk and bodies in harm’s way every day, and with the physical demands of their jobs, they tend to retire much earlier than most public service workers,” said Rich Linton, president and chief operating officer at Empower. “We understand this unique workforce and their need to start saving as early as possible. All of us at Empower look forward to helping these first responders prepare confidently for their futures.”

New data from Empower** shows that the average public safety worker has an average account balance of nearly $94,000, putting them near the top of government savers, only behind workers at special districts.

The City of Mesa Fire and Medical Department was established in 1898 and has grown to 21 stations that serve a population of more than a half-million residents over an area of 133 square miles. The department has continued to modernize suppression services and expand emergency medical programs and practices to best meet the needs of their community. They have progressed to a full-service “all hazards response” organization that provides a high level of emergency medical care, fire suppression, rescue, and emergency transportation to the residents of Mesa, Arizona.***

“The team at Empower understands our needs and provided real solutions to help our members,” said Bryson Hall, committee chair. “Providing our members with solutions to help secure the successful futures they deserve is always our top priority, and I know partnering with Empower will be right choice,” he continued.

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.

“After a thorough RFP process, Mesa Fire and Medical unanimously selected Empower to administer their retirement plan,” said Paul Nacario, Principal at Innovest. “Empower’s commitment to the government market and its customized approach to servicing firefighters resonated with the committee.

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 $1.5 trillion in assets for more than 18.5 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