Earlier this year, MassMutual and Empower announced that they had entered into an agreement in which Empower agreed to acquire MassMutual’s retirement plan business. With this acquisition, Empower solidifies its industry leadership position.

So, what does this mean for you and your workplace retirement account?

You do not need to do anything at this time and there will be no immediate changes to the way you interact with your retirement plan account:

• Same website (and login credentials)
• Same, continuing contributions
• Same investments and investment options
• Same call center number
• Same mobile app
• Same dedicated service you’ve come to rely on

After closing (expected in late December 2020 pending customary regulatory approvals), the biggest change that you’ll notice is the Empower logo when you visit your account online and on some plan materials. You’ll also hear “Empower” when you call into the call center. Other than that, it’s business as usual — and Empower is committed to keeping you up-to-date as things change.