Recordkeepers
NAPAFIRMPARTNERS
Madison, WI • cunamutualretirement.com
Greenwood Village, CO • empower.com
Cuna Mutual Group
Empower
Key Contact(s)
Key Contact(s)
Paul Swanson 608.665.4125 • Paul.Swanson@cunamutual.com Sales Desk 800.491.7859 • intermediarysolutions@cunamutual.com
Firm Profile Built on the principle of “people helping people,” Cuna Mutual Group, soon to become TruStage, partners with financial professionals to help all people achieve a better retirement on their terms. As a seasoned provider in the retirement plan industry for more than 50 years, we are mutually owned with $3B in surplus capital. Learn how we partner with retirement-focused professionals to bring forward a total retirement solutions offering at cunamutualretirement.com.
Primary Market(s) Served
Peter Kapinos 617.535.8986 • peter.kapinos@empower.com Stephanie Bodhi 303.737.2248 • stephanie.bodhi@empower.com
Firm Profile Empower has been guided by strong values with a focus on helping people achieve the financial freedom they deserve. We’re a financial services company on a mission to empower financial freedom for all. We work with individuals and all sizes of organizations to offer investment, wealth management and retirement solutions, along with the Empower Personal Dashboard™, so everyone can have a clear and simple understanding of where their finances are today and where they’re headed.
Small: $1-$10 million, Mid: $10-$100 million
Primary Market(s) Served
Plans / Participants Served by Type*
Micro: <$1 million, Small: $1-$10 million, Mid: $10-$100 million, Large: $100-$250 million, Mega: >$250 million
401(k): 5,721 / 190,806 403(b): 424 / 20,229 457: 1,518 / 4,189 Cash Balance: 105 / 7,585 Defined Benefit (Traditional): 405 / 29,920 Money Purchase: 80 / 576 NQDC: 86 / 524 Other: 157 / 2,746
Total Assets Administered $18,200,000,000
Plans by Channel
Direct: 3,890 / Advisor: 4,460
Platform(s) Used Omniplus – Recordkeeping system fully integrated
Asset Allocation Funds Target Date/Risk, Custom Portfolios, Managed Accounts, CITs
Advisor Support Services
External Wholesalers Focused on Advisors: 12 External Wholesalers Focused on Institutional: 3 Internal Wholesalers Focused on Advisors: 10 Internal Wholesalers Focused on Institutional: 1 Compliance Support, Plan Benchmarking, Target-Date Evaluation Tools, Training for DC Plan Sales/Service, Investment Committee Meetings
Participant Support Services In-Plan Lifetime Income Options, Rollover Services, Call Center Support, Smartphone Access to Participant Balances, Smartphone Transaction Access for Participants
Plans / Participants Served by Type*
401(k): 66,127 / 12,399,080 403(b): 6,958 / 1,294,430 457: 3,555 / 2,009,218 Cash Balance: 91 / 114 Defined Benefit (Traditional): 578 / 165,681 Money Purchase: 2,681 / 1,347,531 NQDC: 1,036 / 90,743 Other: 1,652 / 1,046,249
Total Assets Administered $1,422,380,874,858
Platform(s) Used Empower Recordkeeping Platform
Asset Allocation Funds Open architecture with more than 18,000 investment options.
Advisor Support Services Compliance Support, Plan Benchmarking, Target-Date Evaluation Tools, Training for DC Plan Sales/Service, Investment Committee Meetings
Participant Support Services Rollover Services, Call Center Support, Facebook Page, Smartphone Access to Participant Balances, Smartphone Transaction Access for Participants
Plan Sponsor Service(s) Available Retirement Readiness and Plan Analytics, Online Reporting and Information, Plan and Investment Reviews, Strategic Partnership Plan, Empower Security Guarantee
Plan Sponsor Service(s) Available Total retirement solutions (bundled/unbundled) providing recordkeeping/ administration for DB, DC and NQDC plans. Delivering plan health, financial wellness, payroll integration, 3(21) and 3(38) fiduciary services
*as of 6.30.23
NAPABLACKBOOK2023
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