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Empower Receives ‘Deal of the Year’ Award

Empower Retirement received the Deal of the Year award at the 22nd annual Mutual Fund Industry Awards, held in New York City on March 26. 


Empower was formed last year through Great-West Financial’s acquisition of the J.P. Morgan Retirement Plan Services large-market record keeping business, which closed late August, and the integration of the retirement business of Putnam Investments. It is the second-largest retirement services provider in the U.S. market, with 7.3 million defined contribution participants and $435 billion in plan assets.


“We are honored that Empower has been chosen for Deal of the Year,” said Robert L. Reynolds, president and chief executive officer of Great-West Financial. “The combination of J.P. Morgan Retirement Plan Services and the retirement business of Putnam Investments with that of Great-West Financial, brings together the best-of-breed characteristics of each of the predecessor businesses – and creates a unique, results-oriented approach with deep, broad-based resources, designed to ultimately help raise the level of retirement preparedness in the United States.”


For more about Empower, visit their NAPA Partner Corner page, as well as Putnam’s record keeper page, Putnam’s DCIO page, J.P. Morgan’s IO page and J.P. Morgan’s record keeper page.

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