Empower Retirement named among most community minded in Colorado
GREENWOOD VILLAGE, Colo., Nov. 20, 2020 — Empower Retirement, for a second year, has been recognized as one of the most community-minded companies in Colorado in the Civic 50 Colorado program by CSR Solutions of Colorado and Points of Light.
The Civic 50 Colorado program by CSR Solutions of Colorado and Points of Light, the world’s largest organization dedicated to volunteer service, is based on four dimensions of community engagement programs — investment of resources, integration across business functions, institutionalization through policies and systems, and impact measurement. Honorees were determined by an independently administered and scored survey.
Empower was recognized for setting the standard for civic engagement and driving social impact in the company and community. The Civic 50 Colorado program aims to showcase companies translating good intention into sound business practices.The honorees were recognized today in a virtual celebration.
In Colorado, where Empower is headquartered, associates supported about 200 charitable organizations in 2019. Across the country in that same year, Empower and its associates donated $3.2 million to nonprofit organizations and volunteered more than 19,000 hours through the company’s Associates Community Together (ACT) giving program. (More details are published in Empower’s 2019 Community Action Report.)
“Empower is fortunate to have associates who recognize the value and the work that our community organizations provide to make our neighborhoods healthy, safe and vibrant,” said Edmund F. Murphy III, Empower President and CEO. “We all want the very best for our communities, and through our Associates Community Together (ACT) program, Empower associates have rolled up their sleeves to volunteer and invest in nonprofit organizations that mean so much to them.”
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. Another key aspect of the program includes its Board Leadership Program, which supports associates who serve on the boards of nonprofit organizations.
This year, during the pandemic, Empower doubled associates’ donations to community organizations around the country. Empower also gave $250,000 to community organizations on the frontlines of the pandemic, including the Food Bank of the Rockies and Children’s Hospital of Colorado.
“Empower associates have always been passionate about their work and their communities, and this year’s pandemic didn’t change that,” said Suzanne Sanchez, Chief Human Resources Officer. “Through our ACT program Empower associates have created a company culture that embraces our community organizations, and that was especially true during this pandemic.”
CSR Solutions, a leader in community engagement and philanthropy, is the first in the country to bring the nationally revered Civic 50 Awards to Colorado to recognize Colorado companies that have invested significant resources in communities to build a strong, resilient, connected and healthy place to live.
The Civic 50 Colorado survey is administered by True Impact, a company specializing in helping organizations maximize and measure their social and business value. The survey instrument consists of quantitative and multiple-choice questions that inform the scoring process and is the only evaluation that exclusively measures corporate involvement in communities.
Click here for more information about The Civic 50 Colorado and this year’s honorees.
About Empower Retirement
Headquartered in metro Denver, Empower Retirement administers $709.9 billion in assets1 for more than 9.7 million retirement plan participants as of June 30, 2020. It is the nation’s second-largest retirement plan recordkeeper by total participants.2 Empower serves all segments of the employer-sponsored retirement plan market: government 457 plans; small, mid-size and large corporate 401(k) clients; nonprofit 403 (b) entities; private-label recordkeeping clients; and IRA customers. Personal Capital, a subsidiary of Empower Retirement, is an industry-leading hybrid wealth manager that currently manages more than $13 billion in assets virtually delivered from offices across the U.S. For more information please visit empower-retirement.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.
About CSR Solutions of Colorado:
At CSR Solutions of Colorado, we believe that workplaces can DO BETTER BY DOING GOOD. We offer a robust suite of cost-effective products and services, making it easy for workplaces large and small to build and grow their community strategies through volunteer engagement, philanthropic impact and community reputation. Let us help you create your company’s corporate social responsibility strategy and road map. For more information, visit csrsolutionsco.org/civic50colorado.html.
About Points of Light
Points of Light — the world’s largest organization dedicated to volunteer service — mobilizes millions of people to take action that is changing the world. Through affiliates in 250 cities across 37 countries and in partnership with thousands of nonprofits and corporations, Points of Light engages 5 million volunteers in 20 million hours of service each year. We bring the power of people to bear where it’s needed most. For more information, go to pointsoflight.org.
Stephen Gawlik, Stephen.Gawlik@empower-retirement.com, 617-417-4408
Monica Mendoza, Monica.Mendoza@empower-retirement.com, 719-373-2460
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 As of September 30, 2020. Information refers to the business of Great-West Life & Annuity Insurance Company and its subsidiaries, including Great-West Life & Annuity Insurance Company of New York and GWFS Equities, Inc. GWLA’s consolidated total assets under administration (AUA) were $709.9B. AUA is a non-GAAP measure and does not reflect the financial stability or strength of a company. GWLA’s statutory assets total $54.8B and liabilities total $51.8B. GWLANY statutory assets total $1.69B and liabilities total $1.57B.
2 Pensions & Investments 2020 Defined Contribution Survey Ranking as of April 2020.
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