Empower Retirement named ‘Best Company to Work for in Colorado’

Apr 30, 2019
Press Release

The metro Denver-based company is recognized for its salaries, diversity and company performance

Great-West Financial and its retirement services subsidiary Empower Retirement, have been named the Best Company to Work for in Colorado for its employee perks, diversity and inclusion and its salaries.

The company was recognized in April by career website Zippia, which analyzed employer data from all 50 states to determine the best of the best. It assigned each company a “Zippia Score” based on such factors as pay and diversity as well as a company’s financial health. Zippia shared its latest findings with Money Talks News.com, a nationally syndicated personal and consumer finance news series and website. Empower’s total score was 4.9 out of 5.

In 2014, Great-West launched Empower Retirement, its retirement services division. Today, Empower employs more than 6,200 people with approximately 2,700 employed in its headquarters in Greenwood Village. Over the past three years Empower has added approximately 900 employees to support its growth.

Empower Retirement President and CEO Edmund F. Murphy III said that growth has allowed the company to reinvest in the business.

“It thrills me that our associates have a great place and space to work where they can innovate, lead and collaborate,” he said.

In its recognition of the company, Zippia said the more than 6,000 associates “enjoy perks including casual dress code, paid volunteer time, flexible schedules and tuition reimbursement.” Associates in the metro Denver office, Zippia noted, also have access to a free on-site fitness center and an on-site cafeteria and convenience store.

Among the most important aspects of the recognition was an almost perfect score for diversity and performance.

Empower’s Diversity and Inclusion Council has five Business Resource Groups designed to enhance a culture of inclusion, engagement and innovation. This year, more than 700 employees are participating in the groups, bringing their rich cultural and employment backgrounds to the table to set and monitor company goals and strategies.

Empower also was named a 2018 Top 100 Innovator in Diversity & Inclusion by Mogul -- a global platform for women to share information about economic opportunities -- for celebrating diversity and inclusion through its Business Resource Groups, its mentorship and its flexible work-life balance for all of its employees.

“Our company values begin with our associates,” said Suzanne Sanchez, Empower Retirement Chief Human Resources Officer. “We strive to do the right thing, to lead and to collaborate. We know that more than nine million people trust us to help them with their retirement. Our Business Resources Groups are vital in creating a welcoming workplace and helping us understand the communities we serve.

“I am so proud of our employees. I think of them as everyday heroes who have embraced our mission of helping people pursue the futures they want.”

About Empower Retirement

Headquartered in metro Denver, as of 03/31/19 Empower Retirement administers $610 billion in assets for more than 9 million retirement plan participants1. It is the nation’s second-largest retirement plan record keeper by total participants (Pensions & Investments, April 2019). 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.

Media Contacts:

Stephen Gawlik – 303.737.0899 (office), 617.417.4408 (cell)
Monica Mendoza – 303.737.2626 (office), 719.373.2460 (cell)

Learn More:

To learn more about how we’re empowering employers and their employees to be more engaged in their retirement plans than ever before, call us at 800-719-9914.

1 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. Of the total assets under administration (AUA), as of 9/30/18, $570B represents the AUA of GWL&A of NY. AUA do not reflect the financial stability or strength of a company. GWL&A assets total $60.9B and liabilities total $58.9B. GWL&A of NY assets total $58.9B and liabilities total $2.2B.

Great-West Financial®, Empower Retirement and Great-West InvestmentsTM are the marketing names of Great-West Life & Annuity Insurance Company, Corporate Headquarters: Greenwood Village, CO; Great-West Life & Annuity Insurance Company of New York, Home Office: New York, NY, and their subsidiaries and affiliates, including registered investment advisers Advised Assets Group, LLC and Great-West Capital Management, LLC. Putnam is affiliated with GWL&A and GWL&A of NY and their subsidiaries and affiliates. JP Morgan Retirement Plan Services is not affiliated with GWL&A, GWL&A of NY or their subsidiaries and affiliates. RO833826-0419

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