Empower Retirement 401(k) match, vesting and fees
What Empower Retirement's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Deloitte & Touche LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 105 defined-contribution plans in finance and insurance with 10,000 to 49,999 participants.
| Empower Retirement: employer contribution per participant | $6,290 | |
| Peer median | $3,632 |
| Empower Retirement: average balance | $161,231 | |
| Peer median | $158,114 |
| Empower Retirement: admin expenses ÷ assets | <0.01% | |
| Peer median | 0.05% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $1.6B at the end of plan year 2021 to $2.2B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 13,935 | $2.2B | $87.2M | $6,290 | <0.01% | Not published | Form 5500 ↗ |
| 2023 | 14,676 | $1.9B | $88.5M | $6,600 | <0.01% | Not published | Form 5500 ↗ |
| 2022 | 13,553 | $1.5B | $60.7M | $4,535 | <0.01% | Not published | Form 5500 ↗ |
| 2021 | 10,771 | $1.6B | $65.7M | $6,153 | <0.01% | Not published | Form 5500 ↗ |
Other Empower Retirement plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Empower Retirement, LLC 1081 Savings Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Common questions
Does Empower Retirement match 401(k) contributions?
The match terms for the Empower Retirement, LLC 401(k) Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $87.2M in employer contributions, about $6,290 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Empower Retirement 401(k) match vested?
The vesting schedule for the Empower Retirement, LLC 401(k) Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Empower Retirement 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Empower Retirement, LLC.
I left Empower Retirement. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Empower Retirement, LLC, (888) 488-1231) or the recordkeeper, Empower Annuity Insurance Company. The Empower Retirement old 401(k) page lists the contacts from every plan filing. Find an old Empower Retirement 401(k)
Data from the public Form 5500 annual reports Empower Retirement filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Empower Retirement. Not financial advice. Report a correction · Methodology