[8] Empower was created in 1891, when parent company Great-West Lifeco was founded as an insurance provider on the Canadian prairie.
[1] After serving more than a century of expansion and a profound evolution of service offerings, the modern iteration of Empower was launched in 2014, when the retirement businesses of Great-West Life combined the record-keeping services of Great-West Financial, JPMorgan Chase, and Putnam Investments.
[11] In June 2020, the company announced its acquisition of Personal Capital, an investment and wealth management adviser, for $825 million.
[12] As of June 2020, Empower has administered more than $1.0 trillion in assets for 12.0 million individuals over 67,000 Organization retirement plan participants.
[15] On September 29, 2020, Empower announced that it would acquire the retirement plan recordkeeping business of Fifth Third Bank.