Empower Retirement Voted No. 1 by Plan Advisors in Six Key Categories
October 31, 2018
Nation’s second largest retirement service provider cited again as
superlative choice for value, fees, client service
Empower’s reputation among plan advisors earns highest marks
GREENWOOD VILLAGE, Colo.–(BUSINESS WIRE)–Retirement plan advisors across the country have once again named
Empower Retirement No. 1 when it comes to “Value for Price” – a top
consideration for them when choosing a recordkeeper, according to
PLANADVISER Magazine.
For four years running, Empower Retirement was named the top provider by
the advisors for “Fee Structure for Advisers.”
In a survey of 352 advisors conducted by PLANADVISER, Empower was named
No. 1 in six categories –including two new categories: “Fee Structure
for Plan Sponsors and “Plan Sponsor Client Services.”
In existing categories, Empower was also top ranked in the categories of
“Best Overall Service, micro plans” (under $5 million), and “Best
Overall Service, small plans” ($5 – $50 million).
In addition, Empower is No. 1 in overall favorability among survey
participants.
Empower Retirement was created in 2014 and is the nation’s second
largest retirement services provider1 serving all segments of
the employer-sponsored retirement plan market including the advisor-sold
market where the firm works closely with some 30,000 advisors across the
country.
“For four years we’ve executed against our goal of creating a better
retirement savings experience for American workers,” said Empower
President Edmund F. Murphy III. “As we grow, we have continued to focus
our advisor-centric business model on helping these important
stakeholders serve our clients together.”
Advisors who work closely with Empower have noted the importance of the
collaborative model the firm is working to advance in the marketplace.
“It is critically important to work with service providers that have a
shared mission around the employers and employees who we serve
together,” said Troy Hammond, President and CEO of Santa Barbara,
California-based Pensionmark Financial Group. “Working together as a
team, not as competitors, mitigating overlapping services and costs, and
identifying ways to create synergistic successes have been trademarks of
Empower’s culture.”
Kaci Skidgel, president of the corporate retirement practice at
Dallas-based Summit Financial Group, Inc., said, “Empower is one of the
leaders in the industry with respect to investing in technology,
offerings and quality service for both advisors and employers. As an
advisory firm, we value the partnership of service providers like
Empower who continually invest in technology and provide innovative
solutions for the participants we serve.”2
The survey results are part of PLANADVISER’s annual “Retirement Plan
Adviser Survey” which examines the factors that advisors consider when
selecting providers and spotlights the companies they prefer, according
to the magazine’s editors. For more information on the survey see the PLANADVISER
web site.
| 1 |
Information refers to all retirement business of Great-West |
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| 2 |
The testimonial(s) reproduced in this material were obtained |
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About Empower
Headquartered in metro Denver, Empower Retirement administers
approximately $570 billion in assets for 8.7 million retirement plan
participants, as of Sept. 30, 2018. It is the nation’s
second-largest retirement plan record keeper by total participants (Pensions
& Investments, April 2018). Empower serves all segments
of the employer-sponsored retirement plan market: government 457 plans,
small, midsize, and large corporate 401(k) clients, non-profit 403(b)
entities, private-label recordkeeping clients and Individual Retirement
Account customers. For more information, please visit www.empower-retirement.com.
Learn More:
To learn more about how we’re empowering plan sponsors and their
participants to be more engaged in their retirement plans than ever
before, call us at 800-719-9914.
Contacts
for Empower Retirement
Stephen Gawlik
303-737-0899
(office)
617-417-4408 (cell)
or
Monica Mendoza
303-737-2626
(office)
719-373-2460 (cell)