401(k), 457 Retirement Plans Have New Administrator: Empower
Empower, the second-largest retirement services provider in the U.S., has acquired the full-service retirement business of Prudential.
For NC State employees enrolled in the 401(k) and 457 retirement plans, this acquisition means Empower is the new administrator of those plans. Before the acquisition, Prudential provided communication and recordkeeping services for the NC 401(k) and NC 457 plans.
This question-and-answer sheet is for employees who may have questions about how the acquisition will affect them. If you have additional questions, contact the benefits office in University Human Resources at firstname.lastname@example.org.