Empower and the Employees Retirement System of Texas extend partnership

▤ Summary

Empower extended its long-running partnership with the Employees Retirement System of Texas through a new six-year contract running from 2027 to 2032. Empower will keep providing recordkeeping and administration for the Texa$aver 401(k) and 457 plans that serve about 300,000 Texas employees. The agreement also includes Empower’s My Total Retirement managed investment and planning service for employees at Texas agencies and higher education institutions. The renewal signals continued demand for retirement administration, advisory, and managed plan services in the public sector.

▦ Linked Companies