We have a long and successful history in the government and public sector market. We are more than a leader in the market. We are an advocate and a pioneer. In fact, we advocated establishing the 457 plan IRS code in 1978.

Nearly 1 out of every 3 participants in a 457 plan saves with Empower1

As the nation's largest provider of governmental deferred compensation plans2, we provide retirement services for more than 9,000 government employers and over 2 million government workers. We service 24 state 457 programs (more than any other provider in history) and 7 of the 10 largest defined contribution plans in the country.3

We service all government entities, no matter your public sector branch

  • States, cities, counties
  • Municipalities, associations, territories
  • Special districts (such as transit and utility)
  • Police and fire departments

Some of our largest state, city and county clients include:

State of Washington

City of New York

State of Alabama

County of Orange

State of New Hampshire

Our commitment to the government space is exemplified by these key features:

  • An open-architecture system that allows for custom fund flexibility and great investment depth (we are one of the largest providers of custom stable value funds for public employers)
  • A field staff that works exclusively with public sector employees to make them experts in this arena
  • On-site education consultants who provide group and individual meetings with employees to help them to retire successfully
  • Experience servicing all public plan types and sizes
  • Recordkeeping support for government pension plans, as well as 457(b), 401(a), 403(b), 401(k) and 3121 (OBRA) plans
  • A 98.5% plan retention rate5

1 Calculation from the Not-For-Profit Retirement Market Report, Secure Retirement Institute, LIMRA, Q4 2015 (PLANSPONSOR- 2015 Top 17 Recordkeeping providers in the not-for-profit market)

2 PLANSPONSOR, August 2015, 2015 403(b)/457 Buyer's Guide

3 Pensions & Investments, The 10 largest 457 plans, March 6, 2012

4 Not-for-profit retirement market confidential reports (2009-2015), Secure Retirement Institute, LIMRA, January 2015

5 January 1, 2015-December 31, 2015. Information refers to all insurance and retirement business of Great-West Life & Annuity Insurance Company and its subsidiaries.

Not all product offerings and services are available in all states or to all plan sizes and types. Please contact your Empower Retirement representative to determine what is available for your situation.