Empower and Rockefeller Capital Management Team Up on Retirement Platform
Posted on 05/27/2022
Denver-based Empower, a retirement plan provider, and Rockefeller Capital Management, a financial advisory and services firm, are partnering to offer a retirement investing platform. The joint offering, called Rockefeller Capital Management (RCM) Retirement Plan Fiduciary Manager, combines the expertise of Empower and Rockefeller to deliver employers a simplified retirement plan offering to support their retirement plan benefit needs, plan fiduciary responsibilities, and help drive employee retirement savings. The RCM Retirement Plan Fiduciary Manager offers employers a cost-effective opportunity to access the knowledge and experience of wealth managers and strategic advisors with a retirement plan provider. Through the RCM Retirement Plan Fiduciary Manager program, plan sponsors, and all other plan fiduciaries add an extra layer of fiduciary protection by engaging Rockefeller as an ERISA (3(38)) investment manager to the plan.
By utilizing Empowerʼs capabilities, employees can access advice when they want and need it. The offering makes use of Empower’s participant communications strategies to help individuals take action under their plan. A key to the partnership is the value and flexibility Empower offers through its branded Empower Select solution with more than 7,000 investment funds, including over 2,000 zero-revenue fund options from some of the most recognized managers.