Empower Retirement appoints Daniel Morrison head of Government Market Segment
Empower Retirement today announced the appointment of Daniel Morrison to lead the government market segment. The appointment is effective immediately.
Empower serves some 9,300 government entities at the state, county or local level, totaling more than $116 billion in assets under administration. Empower provides retirement services for 24 states and seven of the top 10 largest government defined contribution plans in the U.S. Empower is the nation’s leading provider of 457(b) plans by assets and participants served1.
Morrison joined Empower in 2003 and has held several sales and service leadership positions – most recently as vice president and practice leader of the company’s growing not-for-profit business. Morrison will report to Empower President Edmund F. Murphy, III.
“Dan is the ideal leader who can provide the strategic vision, thought leadership and expertise to help government plan sponsors best serve their retirement plan participants,” said Murphy. “Workers in public defined contribution plans deserve the best opportunity for a secure retirement, and under Dan’s leadership Empower will continue to serve their needs.”
Previously, as head of Empower’s not-for-profit segment, Morrison was responsible for overall sales and retention in the company’s growing book of healthcare, education, faith-based, and other non-profit plan sponsors. Morrison was also sales director with responsibility for large and mega not-for-profit, healthcare, church, education, and corporate retirement programs and earlier served as managing director, where he led a team of 70 directors and relationship managers responsible for delivering strategic solutions to plan sponsors, advisors, and consultants. Prior to joining Empower, Morrison was an assistant vice president at Merrill Lynch.
Morrison said that with Empower’s extensive experience serving public plan sponsors, combined with the firm’s innovative retirement plan offerings, plan sponsors receive the benefits of an experienced and skilled team that is applying fresh thinking to participant needs.
“There’s always a tremendous opportunity to provide enhanced customer service, financial wellness solutions and advice services to hard working public sector employees who need them,” he said. “I’m delighted to have this opportunity to lead an organization dedicated to providing these important benefits.”
Morrison is a graduate of the University of Vermont, where he earned degrees in mathematics and English. While a student at Vermont he played on the lacrosse team where he was an Academic All-American. He will continue to be based at Empower’s headquarters in metro Denver. Morrison serves on the Denver Metro Chamber of Commerce (DMCC) Healthcare and Education committees and is a Craig Hospital (Englewood, Colo.) PUSH committee member, which raises funds to support the hospital’s programs and research.
About Empower Retirement
Headquartered in metro Denver, Empower Retirement administers $450 billion in assets for more than 8 million participants. It is the nation’s second-largest retirement plan record keeper by total participants (Pensions & Investments, April, 2016). 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 and private-label recordkeeping clients. For more information, please visit www.Empower-retirement.com.
Stephen Gawlik – 303-737-0899 (office), 617-417-4408 (cell)
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.