Empower Retirement to acquire
Prudential Financial retirement business
Discover opportunities for your financial future
Putting your financial goals first is a key part to achieving the future you want. From personalized advice, low fees and discounts, a loyalty program and more, we can help you get there.
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“Empower is taking the next step toward addressing the complex and evolving needs of millions of workers and retirees. We are excited about the opportunity to reach new customers and serve even more Americans on their journey toward creating a secure retirement.”
I’m a big — no, a huge! — believer in setting goals, writing them down and evaluating them along the way.
Employees are clear that financial wellness is an important goal — one that they’d like to achieve.
Assets from Empower’s new clients helped increase its defined contribution retirement plan platform to more than $1.1 trillion of assets under administration.
1 As of June 30, 2021.
2 As of June 30, 2021. Individuals and organizations 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.
3 As of June 30, 2021. 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 $1,131B. AUA is a non-GAAP measure and does not reflect the financial stability or strength of a company. GWLA’s statutory assets total $75.2B and liabilities total $73.3B. GWLANY statutory assets total $3.5B and liabilities total $3.3B.