Displaying 27 results
Empower teases 401(k) platform for small businesses
The retirement services giant says its forthcoming platform will help advisors and third-party administrators address the access gap for more US workers.
How the end of the student loan pause could affect retirement saving
Next year, more employers will start offering 401(k) matches for workers who don't contribute but are paying down loans.
Envestnet introduces product updates, new partnerships at annual conference
Improving the digital experience for advisors and clients was a significant theme; Envestnet also announced a partnership with Empower to give advisors easy access to retirement plans.
Envestnet CEO on the company’s recent challenges and the opportunities ahead
Although its efforts to meld its businesses met with some opposition, the company's revamped platform will provide great returns for users and investors, Bill Crager says.
Loans and hardship withdrawals from 401(k)s on the rise
The portion of savers taking money from their retirement accounts for hardships spiked 24% in the 12 months through Sept. 30.
TriNet switches 401(k) plan to Empower
The move will allow TriNet to provide more website capabilities and additional call center hours to plan participants.
What Creative Planning’s deal for Lockton’s retirement unit means for RPAs
The transaction marks the first time a top-five RIA has acquired a top-five retirement plan adviser firm, which could send Creative Planning's rivals scrambling to find larger RPAs.
What Ascensus purchase of Newport Group means for advisers
Last week’s announced purchase of Newport Group by Ascensus comes on the heels of Empower’s purchases of MassMutual’s and Prudential’s record-keeping divisions.
Prudential reorganizes retirement business
After striking a deal to sell a large part of its retirement business to Empower, the company is creating one unit, Prudential Retirement Strategies, to serve institutional and individual customers.
Empower Retirement plans to hire 325 by year-end
The company's retirement solutions group is looking for both entry-level and experienced staff.
Morgan Stanley, Empower to expand joint plan solutions
The agreement will help Morgan Stanley at Work deliver services to small-business retirement plans.
Empower Retirement sues Empower Geographics over web domain
The rights to the use of the empower.com domain are at the heart of the suit, which was filed in federal court in Illinois.
What Empower’s purchase of Pru retirement business means for advisers
Empower has distanced itself from its other competitors; the only one that matters is Fidelity, which is bigger and more profitable because of its ability to cross-sell wealth management services to participants as well as offer proprietary products.
Empower’s $3.55 billion deal with Prudential makes the 401(k) world a lot smaller
Empower is already the second-biggest U.S. plan provider by number of participants, behind Fidelity. The deal will add $314 billion in assets among 4,300 plans, boosting Empower's size to $1.4 trillion among 71,000 plans.
Pru selling retirement biz to Empower in $3.55 billion deal
The acquisition will leave Empower with a $1.4 trillion defined-contribution business with about 71,000 plans.
Empower’s adviser managed accounts top $1.5 billion
The retirement plan provider created its managed account program in 2019.
Empower launches finances website for participants
Investors will see a more complete financial picture, not just retirement balances, the company says.
Colorado chooses Empower as DC record keeper
The state's defined-contribution retirement plans have $5 billion in assets for 95,000 public employees.
Banks can provide an opportunity for RPAs
As several recent deals show, such as OneDigital's purchase of Truist's RPA business, banks offer retirement plan advisers a chance to grow their business.
401(k) defaults linked with lower CARES Act withdrawals
An academic paper this week found that early withdrawal requests increased most among savers who build their own portfolios
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