State of New Hampshire renews 15-year partnership with Empower

State of New Hampshire renews 15-year partnership with Empower

GREENWOOD VILLAGE, COLO. April 22, 2025 – Empower announced today that the State of New Hampshire has renewed its contract with the retirement and wealth management services provider.

Empower will continue the plan administration for the 457(b) deferred compensation plan for approximately 8,600 New Hampshire public service workers, teachers, state and local employees with approximately $564  million in assets under administration.*

“We have a long history with the State of New Hampshire and work closely with their team to understand their culture and their employee’s needs,” said President and Chief Operating Officer Rich Linton at Empower. “We will continue to ensure the service and experience we provide them accommodates this unique workforce.”

The State of New Hampshire has been a client of Empower since 2010.

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, providing recordkeeping, administration or investment services for 29 state retirement programs.

“Empower’s communications team and the state worked closely together to deliver award-winning programs which resulted in an increase of individual retirement plan contributions,” said Dan Morrison, head of government and Taft-Hartley markets at Empower. “New Hampshire values programs like these, and we will continue those efforts to help them all achieve their financial goals.”

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

ABOUT EMPOWER

Recognized as the second-largest retirement services provider in the U.S.1 by total participants, Empower administers approximately $1.8 trillion in assets2 for 19 million individuals 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

 

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*As of March 2025.

1 Pensions & Investments DC Recordkeeper Survey (2024). Ranking measured by total number of participants as of December 31, 2023.

2 As of December 31, 2024. 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 $1,674.0B. AUA is a non-GAAP measure and does not reflect the financial stability or strength of a company. EAICA’s statutory assets total $70.13B and liabilities total $65.40B. ELAINY’s statutory assets total $7.39B and liabilities total $6.97B. EAIC’s statutory assets total $107.43B and liabilities total $106.41B.

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