GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Empower Retirement and its employees volunteered more than 20,000 hours for nearly 950 nonprofit organizations in their communities in 2018 through the company’s Associates Community Together (ACT) program.
In Colorado, where the company is headquartered, Empower associates supported 436 charitable organizations in 2018.
The results of Empower’s ACT program were published in the company’s 2018 Community Impact Report.
Highlights from the report include:
- $2.85 million employee-directed donations to nonprofit organizations
- 949 nonprofit organizations supported
- 44 states impacted
- 1,796 associates participated
- 20,076 volunteer hours
“Every day our associates support the causes closest to their hearts through volunteer service and financial contributions,” said Edmund F. Murphy III, Empower Retirement President and CEO. “Our ACT program is designed to amplify our employees’ commitments to their communities by matching their contributions. With our combined effort, we can create stronger and healthier communities.”
Empower emerged as the second largest retirement services provider in the U.S. in late 2014 as a result of Great-West Financial’s acquisition of the J.P. Morgan Retirement Plan Services (RPS) business and the integration of the retirement services unit of Putnam Investments. Today Empower serves 9.1 million Americans across all 50 states, Puerto Rico and Guam, through 39,000 retirement plans with $638 billion in assets under administration.
In Colorado, as of August, 2019, Empower serves 212,000 residents through 4,900 retirement plans and administers $16.3 billion in assets on behalf of those Coloradans.
The company employs more than 6,200 people with approximately 2,700 employed in its headquarters in Greenwood Village, Colorado. In addition to its metro Denver headquarters, Empower has corporate offices in Kansas City, Milwaukee, the Boston area, Somerset, NJ and Banaglore, India.
Empower launched its ACT program in 2016 to support the volunteer and giving efforts of its associates. Through the program, associates are provided 16 hours a year of paid volunteer time off from work. Empower also matches money donated to nonprofit organizations by associates of up to $5,000 annually. Since its inception, Empower and its employees have given $7.85 million to nonprofit organizations across the country. Another key aspect of the program includes its Board Leadership Program, which supports associates who serve on the boards of nonprofit organizations.
“I’m proud of our associates who are passionate about giving back to their communities,” Murphy said. “Our associates have brought great nonprofit organizations to our attention and we look forward to continued collaborative philanthropy.”
About Empower Retirement
Headquartered in metro Denver, Empower Retirement administers $638 billion in assets for more than 9.2 million retirement plan participants. It is the nation’s second-largest retirement plan record keeper by total participants (Pensions & Investments, April 2019). Empower serves all segments of the employer-sponsored retirement plan market: government 457 plans; small, midsize and large corporate 401 (k) clients; non-profit 403 (b) entities; private-label recordkeeping clients; and Individual Retirement Account customers. In April, the company was named the “Best Company to Work for in Colorado.” For more information please visit www.Empower-retirement.com.