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Rating. Fitch: AA (2020) Moody's: Aa3 (2020) S&P: AA (2020) AM Best: A+ (2020) Website. empower .com. Empower is a retirement plan recordkeeping financial holding company based in Greenwood Village, Colorado, United States. [7] It is the second-largest retirement plan provider in the United States.
For the three months ended June 2013, 63% of revenue originated in Canada, 26% from the U.S., and 10% from Europe. Group retirement products (Canadian sales up 49%) and 401k markets (U.S. Great West Financial sales up 34%) remain key areas of growth for the company. Lower U.K. wealth management single premiums negatively affected growth.
Janelle Knox-Hayes is a Professor of Economic Geography in the Department of Urban Studies and Planning at the Massachusetts Institute of Technology. Her research and teaching explore the institutional nature of social, economic and environmental systems, and the ways in which these are impacted by changing socio-economic spatial and temporal dynamics.
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Aon Hewitt (formerly known as Hewitt Associates) was a provider of human capital and management consulting services headquartered in Lincolnshire, Illinois in the United States. From 500 offices in 120 countries, it provided consulting, outsourcing, and reinsurance brokerage services. The "Aon Hewitt" brand and legal entities have now been ...
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In July 2020, Canadian-owned, Denver-based Empower Retirement announced it would be purchasing MassMutual's retirement plan business for $4.4 billion plus a contingency payout. In April 2022, Massachusetts-based Fidelity Investments announced it would be the record keeping service provider of MassMutual's corporate 401K plan.