Empower and the Employees Retirement System of Texas to Extend Long-Standing Partnership (opens original article in a new tab)

Empower and the Employees Retirement System of Texas have extended their partnership for six years, with Empower continuing to administer the Texa$aver retirement plans for 300,000 employees.

• Empower and the Employees Retirement System of Texas extend their partnership for six years, from 2027 to 2032.
• Empower will continue administering Texa$aver's 401(k) and 457 retirement plans for 300,000 Texas employees with $7B in assets.
• Texa$aver 401(k) plan assets have grown by 88% and 457 plan assets have more than doubled since 2009.