empower retirement acquisition

1 The acquisition increases Empower's participant base to more than 12 million and retirement services recordkeeping assets to approximately $884 billion administered in approximately 67,000 workplace savings plans. This report describes the current situation with regard to universal health coverage and global quality of care, and outlines the steps governments, health services and their workers, together with citizens and patients need to urgently ... The announcement says the acquisition will add significant expertise, a broader set of capabilities and an expanded product portfolio to Empower's existing business . But it also hints at a larger . Prudential, the Prudential logo, the Rock Symbol and Bring Your Challenges are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Contact Empower Retirement for a prospectus, summary prospectus for SEC-registered products or disclosure document for unregistered products, if available, containing this information. GWFS is an affiliate of Empower Retirement, LLC; Great-West Funds, Inc.; and registered investment advisers, Advised Assets Group, LLC and Personal Capital. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. An unusual examination of the interaction of the worlds of law and finance, this work will be of interest to fiduciaries who are subject to some from of prudent man rule and all others, including judges, lawyers and investment managers, who ... Eversheds Sutherland served as legal counsel, and Goldman Sachs and Rockefeller Capital Management served as financial advisors to Empower. The Talent Acquisition Coordinator provides direct support to HR Talent Acquisition Team with administrative support for recruitment marketing, interview coordination, pre-employment testing, candidate communication, document management, analytics, and reporting. From assessing feasibility and planning for implementation to post-merger integration, this ground-breaking work points out pitfalls and offers insightful commentary in every chapter. This website is for U.S. persons only and may not be approved in all states. Certain statements by Empower in this news release constitute forward-looking statements relating to Empower, including those regarding the transactions contemplated by the definitive agreement and the expected closing and the expected benefits of the acquisition (including the expected increase to Empower's participant base and its retirement . Upon completion of the acquisition, Personal Capital became a wholly owned subsidiary of Empower, which is acquiring Personal Capital for up to $1 . The transaction is expected to close during the first quarter of 2021. With completion of the acquisition, Empower's reach in the U.S. is expanded to more than 12 million retirement plan participants and assets to approximately US$884 billion on behalf of approximately 67,000 workplace savings plans. Headquartered in metro Denver, Empower Retirement administers approximately $710 billion in assets for more than 9.4 million retirement plan participants as of Sept. 30, 2020.3 It is the nation’s second-largest retirement plan recordkeeper by total participants. Pru selling retirement biz to Empower in $3.55 billion deal The acquisition will leave Empower with a $1.4 trillion defined-contribution business with about 71,000 plans. On the closing date of the transaction, Empower will administer the business on MassMutual’s behalf, with certain administrative services being performed by MassMutual and its affiliates during a temporary transition period. RO1465738-1220. [1] The acquisition increases Empower's participant base to more than 12 million and retirement services recordkeeping assets to approximately $884 billion administered in approximately 67,000 workplace savings plans. For more information please visit empower-retirement.com and connect with us on Facebook, Twitter, LinkedIn and Instagram. Post-acquisition, Shah will report to Murphy and will be a member of the executive team, according to the announcement. Empower Retirement and Massachusetts Mutual Life Insurance Co. (MassMutual) have entered into a definitive agreement for Empower to acquire the MassMutual retirement plan business.

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