Empower Retirement employees helping create stronger, healthier communities through service, financial support
Empower’s volunteer and giving program allows associates to double down on their efforts by matching volunteer time and money donated
Efforts recognized in 44 states
436 Colorado charitable organizations supported in 2018
GREENWOOD VILLAGE, Colo., Aug. 28, 2019 — Empower Retirement and its employees volunteered more than 20,000 hours for nearly 950 nonprofit organizations in their communities in 2018 through the company’s Associates Community Together (ACT) program.
In Colorado, where the company is headquartered, Empower associates supported 436 charitable organizations in 2018.
The results of Empower’s ACT program were published in the company’s 2018 Community Impact Report.
Highlights from the report include:
- $2.85 million employee-directed donations to nonprofit organizations
- 949 nonprofit organizations supported
- 44 states impacted
- 1,796 associates participated
- 20,076 volunteer hours
“Every day our associates support the causes closest to their hearts through volunteer service and financial contributions,” said Edmund F. Murphy III, Empower Retirement President and CEO. “Our ACT program is designed to amplify our employees’ commitments to their communities by matching their contributions. With our combined effort, we can create stronger and healthier communities.”
Empower emerged as the second largest retirement services provider in the U.S.1 in late 2014 as a result of Great-West Financial’s acquisition of the J.P. Morgan Retirement Plan Services (RPS) business and the integration of the retirement services unit of Putnam Investments. Today Empower serves 9.1 million Americans across all 50 states, Puerto Rico and Guam, through 39,000 retirement plans 1 with $638 billion in assets under administration.2
In Colorado, as of August, 2019, Empower serves 212,000 residents through 4,900 retirement plans and administers $16.3 billion in assets on behalf of those Coloradans.
The company employs more than 6,200 people with approximately 2,700 employed in its headquarters in Greenwood Village, Colorado. In addition to its metro Denver headquarters, Empower has corporate offices in Kansas City, Milwaukee, the Boston area, Somerset, NJ and Banaglore India.
Empower launched its ACT program in 2016 to support the volunteer and giving efforts of its associates. Through the program, associates are provided 16 hours a year of paid volunteer time off from work. Empower also matches money donated to nonprofit organizations by associates of up to $5,000 annually. Since its inception, Empower and its employees have given $7.85 million to nonprofit organizations across the country. Another key aspect of the program includes its Board Leadership Program, which supports associates who serve on the boards of nonprofit organizations.
“I’m proud of our associates who are passionate about giving back to their communities,” Murphy said. “Our associates have brought great nonprofit organizations to our attention and we look forward to continued collaborative philanthropy.”
About Empower Retirement
Headquartered in metro Denver, Empower Retirement administers $638 billion in assets for more than 9.2 million retirement plan participants. It is the nation’s second-largest retirement plan record keeper by total participants (Pensions & Investments, April 2019).1 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. In April, the company was named the “Best Company to Work for in Colorado.” For more information please visit www.Empower-retirement.com.
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.
1 Information refers to all retirement business of Great-West Life & Annuity Insurance Company and its subsidiaries and affiliates, including Great-West Life & Annuity Insurance Company of New York, marketed under the Empower Retirement brand. Ranking based on total participant accounts as of March 31, 2019. Source, Pensions & Investments, 2019 Defined Contribution Survey Rankings as of March 31, 2019.
2 As of March 31, 2019. Information refers to all retirement business of Great-West Life & Annuity Insurance Company and its subsidiaries and affiliates, including Great-West Life & Annuity Insurance Company of New York, marketed under the Empower Retirement brand.
3Information refers to the business of Great-West Life & Annuity Insurance Company and its subsidiaries, including Great-West Life & Annuity Insurance Company of New York. As of 3/31/2019, GWL&A’s consolidated total assets under administration (AUA) are $638B. AUA is a non-GAAP measure and does not reflect the financial stability or strength of a company. GWL&A’s statutory assets total $57.1B and liabilities total $55.7B. GWL&A of NY statutory assets total $2.2B and liabilities total $2.1B.
Empower is a marketing name of Great-West Life & Annuity Insurance Company. RO934689-0819
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