Empower, announced has achieved $62 billion in retirement plan sales in 2022. The AUA figure represents funded and committed organic sales.
As of June 30, 2022, Empower has earned more than 2,000 new client mandates.
Empower’s advisor-sold business, which encompasses plans with up to $50 million in assets, has added some 1,400 plans since the start of 2022.
The new sales also represent the acquisitions of the Mass Mutual and Prudential retirement plan businesses in December 2020 and April 2022, respectively.