Empower Retirement, the nation’s second-largest provider of retirement services 1, is crediting the success of its clients, plan advisors and retirement investors as key factors in the company’s growth. On January 31, Empower’s assets under administration rose above $1 trillion 2 for the first time in the company’s history. When Empower was formed in the autumn of 2014 — through a three-part merger of legacy retirement businesses — assets under administration were about $400 billion. Today, Empower serves the needs of 12 million retirement plan participants 3, 67,000 employer-sponsored retirement plans and works with approximately 40,000 advisors. Empower has created scale through a combination of multi-year organic sales growth and acquisitions, including the 2020 purchases of the MassMutual retirement plan business and Personal Capital.