Empower 401(k) Provider Review
Empower Retirement is the second-largest retirement services provider, formed through mergers of MassMutual, Great-West, and Prudential retirement businesses. Strong focus on participant outcomes.
Second Largest and Rapidly Growing • Rank #4 • Score: 8.7/10 • Founded 2014 • Greenwood Village, CO
Ratings Breakdown
Pros and Cons
Advantages
- Strong participant education programs
- Excellent plan sponsor tools
- Competitive institutional pricing
- Personal Capital integration for holistic planning
- Managed account services
- Strong retirement income solutions
Disadvantages
- Less brand recognition than big three
- Platform still integrating acquisitions
- Fewer retail investment options
- Mobile app needs improvement
- Website can be confusing to navigate
Empower 401(k) Fees
| Fee Type | Amount |
|---|---|
| Administrative Fees | Varies by plan size |
| Expense Ratios | 0.03% - 1.0% |
| Trading Fees | Plan dependent |
| Advisory Fees | 0.25% - 0.89% |
Investment Options
Key Features
Best For
- Mid to large employers
- Those valuing education
- Managed account seekers
- Income-focused retirees
Complete Empower Retirement 401(k) Review for 2026
Empower Retirement ranks #4 in our 2026 401(k) provider rankings with an overall score of 8.7 out of 10. Founded in 2014 and headquartered in Greenwood Village, CO, Empower manages $1.4 trillion in assets and serves 18 million participants across 71,000+ plan sponsors.
Why Choose Empower for Your 401(k)?
Empower Retirement is America's second-largest retirement services provider, formed through strategic acquisitions of MassMutual, Great-West, and Prudential's retirement businesses. With Personal Capital integration, Empower offers holistic financial planning tools that aggregate all your accounts for a complete financial picture. Empower's participant education programs are industry-leading, helping employees make better retirement decisions. Their managed account services and retirement income solutions make Empower particularly strong for those approaching or in retirement. For mid to large employers seeking comprehensive 401(k) administration, Empower delivers scale and expertise.
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Frequently Asked Questions
Empower Retirement charges administrative fees that vary by plan size. Expense ratios range from 0.03% - 1.0%, and advisory fees are 0.25% - 0.89%. Compare plans carefully as total costs depend on your plan size and investment selections.
You can log into your Empower Retirement 401(k) account through the plan provider portal. Current and former employees can use the participant login page. First-time users will need to register with their Social Security number and date of birth.
Empower Retirement ranks #4 in our 2026 provider rankings with a score of 8.7/10. They manage $1.4 trillion in assets and serve 18 million participants. They are particularly strong for Mid to large employers, Those valuing education, Managed account seekers, Income-focused retirees.
Yes, you can roll over your Empower Retirement 401(k) to a Traditional IRA, Roth IRA, or a new employer plan. A direct rollover avoids mandatory tax withholding. Contact Empower or your new provider to initiate the transfer.
Empower Retirement offers a range of investment options including Index Funds, Target Date Funds, Mutual Funds, Stable Value, Managed Accounts. The specific fund lineup depends on your plan and may change periodically.
Empower Retirement scores 8.7/10 overall with ratings of 4.3/5 for fees, 4.2/5 for investment options, 4.3/5 for customer service, and 3.8/5 for mobile app. Compare with other top providers on our comparison pages.
Disclaimer: This review is for educational purposes only and is not financial advice. Provider details may change. Contact Empower Retirement directly for the most current plan information.