Empower launches finances website for participants

Investors will see a more complete financial picture, not just retirement balances, the company says.

Empower Retirement has launched a website that integrates a plan participant’s estimated retirement income, net worth, savings, spending and debt in one place. The site is intended to provide a holistic picture of a participant’s finances and “help drive more information into their hands so they can work with their advisors to achieve their goals,” the company said in a release.

The Greenwood Village, Colorado-based retirement services provider, the nation’s second-largest, administering $1 trillion for 12 million plan participants, said it will begin offering the service later this year.

The website will link to the individual’s retirement plan, and participants who want to can also link to other types of accounts at other financial institutions, such as their bank accounts, brokerage accounts, credit card accounts and 529 college savings plans.

The site can be viewed on a laptop, tablet or smartphone, and can be rendered in English or Spanish, Empower said.