Helping to convert lifetime savings into a retirement income stream

We offer participants a retirement income solution designed to help pave the path toward a more certain future.

Retirement income solution

Empower takes the guesswork out of converting a lifetime of savings into a stream of income in retirement. You can help your clients gain a competitive edge by offering them a choice of in-plan and out-of-plan retirement income strategies.

67%

believe their employer has a responsibility to help with financial planning, especially for retirement¹

85%

of private sector employers don’t offer a defined benefit plan²

In-plan solutions

My Total Retirement^TM3 with guaranteed income

Advised strategy through managed accounts with guaranteed retirement income⁴

Multiple target-date series

Different investment strategies, and option for guaranteed retirement income⁴

Guaranteed lifetime withdrawal benefit (GLWB)

Income for life

Managed account⁵ with spend-down strategy

Advised strategy, non-guaranteed withdrawal

Out-of-plan solution

Annuity marketplace

Access to third-party insurance companies through online marketplace

Contact your Empower representative for more information

Help your clients offer their employees the retirement income solution that can help protect them against the uncertainty surrounding Social Security.

1 Empower Financial Happiness study, August 2023, empower.com/the-currency/money/research-financial-happiness

2 U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Private Pension Plan Bulletin Historical Tables and Graphs; 1975-2019, September 2021.

3 Online Advice and My Total Retirement are part of the Empower Advisory Services suite of services offered by Empower Advisory Group, LLC, a registered investment adviser. Past performance is not indicative of future returns. You may lose money. Advice does not extend to the insurance aspect of any particular retirement income product.

4 Guaranteed retirement income provided by the applicable insurance company and subject to the terms and conditions of the contract and the claims-paying ability of the insurer.

5 Online advice and the managed account service are part of the Empower Advisory Services suite of services offered by Empower Advisory Group, LLC, a registered investment adviser. Past performance is not indicative of future returns. You may lose money.

Certain retirement income solutions include products and/or services made available by unaffiliated third-party providers. The offering of these solutions is not an endorsement or recommendation of the products and/or services. Empower may receive referral payments from the provider(s).