Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. Representatives are available from 9 a.m. - 5 p.m. Plan News & Announcements. For more information. Once logged into your account, click My Service Center at the top. Newark, NJ, a Prudential Financial company . Past performance is not indicative of future returns. Thank you for your interest in Empower. Access your account, review your beneficiary election(s) and learn about resources and tools that can help with planning. Empower expects the acquisition to benefit retirement plan participants by combining two client-focused businesses with deep retirement expertise on a single state-of-the-art technology platform. State law requires that state and local governmental employers of law enforcement officers (LEOs) contribute five percent (5%) of each LEOs compensation to the NC 401(k) Plan for their benefit. Securities products and services are offered through Prudential Investment Management Services LLC (PIMS), Newark, NJ, a Prudential Financial company. You can schedule an appointment and then attend from wherever you are. s existing business and drive additional scale to the benefit of retirement investors and employers who sponsor workplace savings plans. Empower will acquire Prudentials retirement services businesses with both a share purchase and a reinsurance transaction. On August 1, 2022, Empower announced that it is changing the names of various companies within its corporate group to align the names with the Empower brand. This web page is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. You can log in to the Plan Sponsor Website. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. The election can be turned off at any time and is not required. Information contained on this site does not, and is not intended to constitute an advertisement, solicitation or offer for sale in any jurisdiction, outside the United States of America, where such use would be prohibited or otherwise regulated. EMPOWER and all associated logos, and product names are trademarks of Empower Annuity Insurance Company of America. understand, and accept the terms and conditions of this service. The NC 401(k) and NC 457 Plans are administered by the Department of State Treasurer and the Supplemental Retirement Board of Trustees. , will increase Empowers participant base to 16.6 million and its retirement services recordkeeping assets to approximately $1.4 trillion administered in approximately 71,000 workplace savings plans. Investing involves risk. A target date fund should not be selected based solely on age or retirement date. Were excited that your plan is coming to Empower and committed to making the transition as smooth as possible. Please note that the beneficiaries you designate for the Supplemental Retirement Plans do not update your beneficiaries for the North Carolina pension plan (e.g., Teachers' and State Employees' Retirement System, Local Governmental Employees' Retirement System). If you have questions or require training on the Plan Sponsor Website, please contact the Empower Member Services Center at (866) NCPlans (866-627-5267) or your Empower Retirement Education Counselor. The Supplemental Retirement Plans also offer an optional asset allocation tool called GoalMaker at no additional cost. Vehicle code YJ_WE_RE20_01Launch date 11/2022. Prudentials full-service retirement recordkeeping business comprises more than 4,300 workplace savings plans, through which approximately 4 million plan participants have saved $314 billion in assets.2 It also includes more than 1,800 employees who provide a comprehensive suite of retirement recordkeeping and administration services to financial professionals, plan sponsors and participants. Market timing and excessive trading policies. The site(s) is/are provided to you for informational purposes only. The NC 401(k) Plan and the NC 457 Plan are single plans that are sponsored by the State of North Carolina and that have over 1,100 participating employers. Compensation means all salaries and wages prior to any reduction pursuant to Sections 125, 132(f), 401(k), 403(b), 414(h)(2), and 457 of the Internal Revenue Code (IRC), not including any terminal payments for unused sick leave derived from public funds, which are earned by a Member while an Employee of an Employer. As of June 30, 2022, EAICs statutory assets total $77.2B and liabilities total $74.3B. 2 As of June 30, 2022. 4 As of March 31, 2021. EAICs consolidated total assets under administration (AUA) were $1,289.3B. Our goal is to simplify plan management while making it easier for your participants to achieve financial wellness and pursue the future they imagine. *Some of Prudential Retirements Personal Retirement Services Retirement Counselors carry the distinct designation of Certified Retirement Consultants, an advanced certification available through the International Foundation for Retirement Education (InFRE). 1 In connection with the closing of the transaction, Prudential expects total proceeds of approximately $2.8 billion, which includes cash consideration for the sale of Prudential Retirement Insurance and Annuity Company, ceding commission for the reinsured business and capital available to be released from The Prudential Insurance Company of America. Please click HERE for more information associated with the acquisition. This material is for informational purposes only and is not intended to provide investment, legal, or tax recommendations or advice. For questions or further information, you can: Visit the Supplemental Retirement Plans' website at myNCPlans.com; or, Contact your Empower Retirement Education Counselor: or. To establish an employer contribution program for your employees in the NC 401(k) Plan and/or the NC 457 Plan. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. For more information regarding the name changes, please visit empower.com/name-change. View important information ELAINYs statutory assets total $6.9B and liabilities total $6.7B. Not Insured by FDIC or any Federal Government Agency | May Lose Value | Not a Deposit of or Guaranteed by the Bank or any Bank Affiliate. Your retirement plan makes it easier by offering you a simple, convenient, and consistent way to save for retirement. Following the close of the transaction, Prudentials Retirement business will consist of Pension Risk Transfer, International Reinsurance, Structured Settlements, and Institutional Stable Value wrap product lines. If you have multiple accounts, you may be a customer of Prudential Financial, Inc. and its affiliates (together, Prudential) and Empower. Effective April 1, 2022, Empower officially acquired the full-service retirement business of Prudential. Instead, direct them one of the two options above. Information refers to the business of Great-West Life & Annuity Insurance Company and its subsidiaries, including Great-West Life & Annuity Insurance Company of New York and GWFS Equities, Inc. GWLAs consolidated total assets under administration (AUA) were $1,065.8B. For more details, . This guarantee states we will restore losses to your account that occur as a result of unauthorized . . Call the Empower Member Services Center at (866) NCPlans (866-627-5267) and selecting Option 2. Available in English. You can do this! If you leave one participating employer for another, then you remain an active employee under the NC 401(k) Plan or NC 457 Plan, as applicable, and your distribution options are limited to those of an active employee. This site has been created to help you evaluate which investment options within your retirement plan might be best for you by providing additional information for each investment option (including the most recent performance information). Participants should carefully consider the investment objectives, risks, charges and expenses of any Fund before investing. By clicking "Log In" above, you acknowledge that you have read, understand, and accept the terms and conditions of this service. The asset allocation of the target date funds will become more conservative as the target date approaches by lessening the equity exposure and increasing the exposure in fixed income type investments. Financial wellness & participant experience, Do not sell or share my personal information. Following an initial transition period, EAIC will become the sole administrator of this business. Retirement products and services are provided by Empower Annuity Insurance Company, Hartford, CT, or its affiliates. full-service retirement plan recordkeeping and administration business, for a total transaction value of $3.55 billion. ("Site") has entered into an advertising campaign with Empower Personal Wealth, LLC (EPW), through which Site is paid up to $250 for each individual lead. Other restrictions apply. All rights reserved. Sponsor Login. See information specific to your migration. Those individuals who do subscribe for PCAC or EAGs investment advisory services will not pay increased management fees or any other fees to Site, EPW, PCAC, or EAG as a result of this campaign. 3 Estimated joint assets under administration of Empower Retirement and Prudential. Join the millions of people who rely on us to help them plan and invest for retirement. Limitations and other information on hardship withdrawals are available in the plan documents for the NC 401(k) Plan and the NC 457 Plan. 3. GREENWOOD VILLAGE, Colo. and NEWARK, NJ, July 21, 2021 Empower Retirement and Prudential Financial, Inc. (NYSE: PRU) today announced they have entered into a definitive agreement for Empower to acquire Prudential's full-service retirement business. Review the important information associated with the acquisition, July 21 Prudential Retirement Press Release. Review your plans, manage participants, download reports and research plan investments. 143-166.30(e) (state LEOS) and 143-166.50(e) (local LEOs). To learn more, view our full privacy policy. Home [www.spectrumhealth-retire.com] You can update the beneficiary for your Supplemental Retirement Plans account by: Logging in to your account at myNCPlans.com. So can your retirement plan. Visit myNCPlans.com/enrollment.html. Learn more. On August 1, 2022, Empower announced that it is changing the names of various companies within its corporate group to align the names with the Empower brand. The Empower Institute is a research group within Empower Retirement, LLC.Securities, when presented, are offered and/or distributed by GWFS Equities, Inc., Member FINRA/SIPC. In Empower, we have found a partner that, like Prudential, is passionate about expanding financial opportunity for more people, and that has the scale and expertise to ensure the long-term success of the full-service retirement business.. will offer a highly personalized digital experience that can integrate the elements of any individuals financial plan to help them better understand their current financial needs through financial advice and goal setting. Then, select Change Contributions from the Quick Actions drop-down menu: or. Click Log In at the top of the page. . In addition, the NC 401(k) Plan and the NC 457 Plan are state-sponsored plans that are administered by the Department of State Treasurer and the Supplemental Retirement Board of Trustees. State Government websites value user privacy. FORWARD-LOOKING STATEMENTS DISCLAIMER BY PRUDENTIAL. 1 Pension & Investments Defined Contribution Survey Ranking as of April 2020. Easily access your accounts from a single destination. For more details, . Restrictions apply to employer contributions, including the restrictions in Section 3.02 of the plan document for the NC 401(k) Plan. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. Great-West Life & Annuity Insurance Company will acquire the shares of Prudential Retirement Insurance and Annuity Company and business written by The Prudential Insurance Company of America will be reinsured by Great-West Life & Annuity Insurance Company and Great-West Life & Annuity Insurance Company of New York (for New York business). For more details, review the important information PDF opens in a new window associated with the acquisition. View schedule including dates for the new Financial Wellness Boot Camp Workshop, topics and instructions, View the Financial Wellness Boot Camp Workshop on demand. Empower does not endorse this website, its sponsor, or any of the policies, activities, products or services offered on the website or by any advertiser on the site. EAIC acquired Prudential's retirement services businesses with both a share purchase and a reinsurance transaction. For more information please visit, Prudential, a global financial services leader and premier active global investment manager with more than $1.5 trillion in assets under management as of March 31, 2021, has operations in the United States, Asia, Europe, and Latin America. understand, and accept the terms and conditions of this service. Empower will acquire Prudential's retirement services businesses with both a share purchase and a reinsurance transaction. Likewise, the beneficiaries you designate for the North Carolina pension plan do not update your beneficiaries for your NC 401(k) Plan and/or NC 457 Plan. Please read the security and privacy policies on the third-party website closely as they may differ from Empower's policies. Please do not accept contribution changes directly from your employees. You may also contact counselors directly to set up an appointment using their contact information details on this page. Expands Empowers reach across retirement services market to more than 16.6 million individuals and $1.4 trillion in AUA, Empower poised to deliver broad set of solutions and capabilities to new and existing clients; strengthen investments across its existing suite of offerings, Advances Prudentials transformation and enterprise growth strategy, GREENWOOD VILLAGE, Colo. and NEWARK, NJ, July 21, 2021, today announced they have entered into a definitive agreement for Empower to acquire Prudentials full-service retirement business.