Nassau County renews partnership with Empower
Empower Retirement announced that Nassau County, NY, a client since 2010, has renewed its contract with the nation’s second-largest retirement services provider.
Empower will continue the plan administration of the County’s 457 deferred compensation plan for approximately 11,500 employees and retirees with assets of $2 billion under administration.
The new five-year contract commenced Jan. 1, 2025, and is in effect until Dec. 31, 2029.
“All of us at Empower are pleased to continue supporting the government employees of Nassau County and look forward to helping them achieve their future financial goals. Our deep understanding of plan participants’ financial wellness needs supported by our award-winning digital experience and our outstanding service team, along with their Dedicated Retirement Plan Consultants, continues to deliver value for our clients.” – Rich Linton, chief operating officer and president, Empower.
Empower is one of the largest providers of government 457 retirement plans in the country, serving entities across states, cities, counties, municipalities, associates, territories, and special districts (such as transit and utility), as well as police and fire departments.
“Helping individuals achieve an abundant retirement with financial security is core to our principles here at Empower. We are proud to continue to partner with Nassau County, which clearly understands the needs of its participants and now, through this latest RFP, will make advice available at every touchpoint for every plan participant throughout Nassau County.” – Dan Morrison, head of government and Taft-Hartley markets at Empower.
“The Nassau County Deferred Compensation Plan Board is pleased to extend its relationship with Empower due to its deep experience with public sector and government-defined contribution plan administration. This will allow us to continue to maximize participant engagement and communications while providing our employees with the continuity they’re familiar with. We look forward to this continued partnership with Empower in helping our employees plan for their financial needs in retirement.” – Steven Conkling, chair, Nassau County DCP Board.
