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Brown and Caldwell recommits to partnership with Empower

Aug 30, 2022
Press Release

GREENWOOD VILLAGE, COLO. August 30, 2022 – Empower announced today that Brown and Caldwell has signed on to renew the two-decade long relationship with the retirement plan provider. Empower will continue to deliver retirement services to approximately 2,500 Brown and Caldwell participants.

“We are in a business that requires trust from the people we serve. We are so grateful that Brown and Caldwell recognizes that trust -- and values what we have built together. Successful relationships like this are what matters most -- and all of us at Empower look forward to partnering with the Brown and Caldwell team for many more years to come,” said Rich Linton, president and chief operating officer, Empower.

Headquartered in Walnut Creek, California, Brown and Caldwell is a full-service environmental consulting, engineering, and construction services firm with 52 offices and 2,000 professionals across North America and the Pacific. For 75 years, its creative solutions have helped municipalities, private industry, and government agencies successfully overcome their most challenging water and environmental obstacles. They have been an Empower client since 2002.

“Brown and Caldwell values its relationship with Empower because together, we are providing the necessary tools, resources, and investment vehicles to care for the long-term financial future of our workforce,” said Amy Fairbank, chief financial officer at Brown and Caldwell.

Kyli Soto, vice president, Gordon Tewell, principal and Peter Mustian, principal, all of Innovest Portfolio Solutions, LLC were the advisors to the transaction.

About Empower

Headquartered in metro Denver, Empower administers approximately $1.4 trillion in assets1 for more than 17 million retirement plan participants1 and is the nation’s second-largest retirement plan recordkeeper by total participants.2 Empower serves all segments of the employer-sponsored retirement plan market: government 457 plans; Taft-Hartley plans; small, mid-size and large corporate 401(k) clients; nonprofit 403 (b) entities; private-label recordkeeping clients; and IRA customers. Personal Capital, a subsidiary of Empower, is an industry-leading hybrid wealth manager. For more information please visit empower.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.

Media contacts:

Mandy Cassano – 860-670-4373 – Mandy.Cassano@empower.com

Monica Mendoza – 719-373-2460 – Monica.Mendoza@empower.com

1 As of June 30, 2022. Information refers to the business of Empower Annuity Insurance Company of America and its subsidiaries, including Empower Life & Annuity Insurance Company of New York and Empower Financial Services, Inc. EAIC’s consolidated total assets under administration (AUA) were $1,289.3B. AUA is a non-GAAP measure and does not reflect the financial stability or strength of a company. EAIC’s statutory assets total $77.2B and liabilities total $74.3B. ELAINY statutory assets total $6.9B and liabilities total $6.7B.

2 Pensions & Investments 2021 Defined Contribution Survey Ranking as of April 2021.

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.

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