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Business Profile

Employee Benefits Insurance

Empower Retirement

This business is NOT BBB Accredited.

Find BBB Accredited Businesses in Employee Benefits Insurance.

Reviews

This profile includes reviews for Empower Retirement's headquarters and its corporate-owned locations. To view all corporate locations, see

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Empower Retirement has 6 locations, listed below.

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    Customer Review Ratings

    1.08/5 stars

    Average of 322 Customer Reviews

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    Review Details

    • Review fromVincent N

      Date: 10/25/2023

      1 star

      Vincent N

      Date: 10/25/2023

      I want to give zero star. Comparing to Fidelity, empower is totally horrible. Nothing is transparent in their accounting. When you call them, they could not explain to you when your return is so low. Why it charged you so much fee. Only thing they told us to talk your employer. Totally disaster customer service

      Empower Retirement

      Date: 10/30/2023

      Thank you for reaching out.  We have forwarded your concerns internally to the appropriate department for further review. Once our internal review has been completed, you will be contacted.
    • Review fromAmber B

      Date: 10/23/2023

      1 star

      Amber B

      Date: 10/23/2023

      If I could give zero stars I would. This is the worse retirement/ 401k platform I've ever dealt with and I've been working for 35 years. **************** is bad. Most speak English but does not understand or comprehend English. There is no communication amongst themselves. My money had been sitting in limbo for over a week and no one reaches out to you to let you know what the problem is. When I called after being on hold for over an hour, they said the problem is my address. It didn't have an apartment number *** I must go to HR to have them add apartment number even though they have been confirming and verifying my address everytime I've called for a week. No one ever said the apartment number was holding me back for a week and I'm in the middle of a hardship. Why is it so hard to get my money? Beware

      Empower Retirement

      Date: 11/02/2023

      Thank you for reaching out.  We have forwarded your concerns internally to the appropriate department for further review.  Once our internal review has been completed, you will be contacted.
    • Review fromBrandy E

      Date: 10/19/2023

      1 star

      Brandy E

      Date: 10/19/2023

      100% trash company. They do not even deserve the 1 star. Would not recommend.

      Empower Retirement

      Date: 10/30/2023

      Hello. Thank you for reaching out. We are sorry to hear about your poor experience with Empower but appreciate the feedback as we are always looking for opportunities to improve. If you require any additional assistance, please let us know.
    • Review fromRay M

      Date: 10/18/2023

      1 star

      Ray M

      Date: 10/18/2023

      Employer just moved us to Empower and it has been a disaster. Accounts were unavailable for over two weeks, and we still can't access the self-directed brokerage accounts. I called and they said it was an IT issue, that was days ago and the problem persists. Online chat is useless as is sending them an email. And on the phone you are transferred several times before you can talk to someone that knows what's going on. And even then they can't resolve the issue.

      Empower Retirement

      Date: 10/19/2023

      Thank you for reaching out.  We have forwarded your concerns internally to the appropriate department for further review.  Once our internal review has been completed, you will be contacted.
    • Review fromJohn H

      Date: 10/17/2023

      1 star

      John H

      Date: 10/17/2023

      Being a retired sworn law enforcement officer ******************** consolidated my accounts. This has caused me to lose tax benefits. I have had to file a complaint with the ************** attorney general's office. We are now waiting for a reply from ********************. The ************** attorney general's office has recognized their error and is working with me to correct this. Great caution should be used when working with empower retirement. Not a company I would recommend.

      Empower Retirement

      Date: 10/18/2023

      Thank you for reaching out.  We have forwarded your concerns internally to the appropriate department for further review. Once our internal review has been completed, you will be contacted.
    • Review fromMikhail I

      Date: 10/16/2023

      1 star

      Mikhail I

      Date: 10/16/2023

      The worst company to deal with. They are using returned piece of mail as an excuse to hold my pension. After completing, notarizing and mailing by certified mail address change form, I am still not getting my pension for second month in a raw. Despite their acknowledgement that form is received and everything is fine.Another issue: I asked for **** form to be emailed to me (there is no access to this form on their website) - the response was: "We will let you know in 5 days"... No comments...

      Empower Retirement

      Date: 10/18/2023

      Thank you for reaching out.  We have forwarded your concerns internally to the appropriate department for further review. Once our internal review has been completed, you will be contacted.
    • Review fromseth p

      Date: 10/12/2023

      1 star

      seth p

      Date: 10/12/2023

      I dont like that they play with the stock market with their clients money and they dont show detailed information they are obviously stealing from the customers and have been for a long time plus charging interest for borrowing your own money thats kinda stupid

      Empower Retirement

      Date: 10/16/2023

      Thank you for reaching out.  We have forwarded your concerns internally to the appropriate department for further review. Once our internal review has been completed, you will be contacted.
    • Review fromTRUNG N

      Date: 10/06/2023

      1 star
      I have used multiple other retirement companies in my career and this is by far the worst.?The worst group of people to handle YOUR FUNDS! Hardship request is the hardest thing to get with this company.?Worse customer service. I have a terminal illness and have been fighting with these people for MY OWN money.?They also charged a ton of fees on my withdrawal. Avoid at all costs!
    • Review frombeatrice p

      Date: 10/04/2023

      1 star

      beatrice p

      Date: 10/04/2023

      Empower is the worst retirement plan ever. Do not do business with them. ************************* and **** our manager and liars.

      Empower Retirement

      Date: 10/06/2023

      Thank you for bringing BBB Review # ****** dated October 4, 2023, to our attention. In order to protect the privacy of our account holders, we will research the situation and will respond directly to **************. We again appreciate you bringing this matter to us for review.
    • Review fromBrendan S

      Date: 10/03/2023

      1 star

      Brendan S

      Date: 10/03/2023

      This is arguably the most unprofessional company I have ever dealt with. I am doing a withdraw to go back and get my masters degree and they have kept me on hold on hours and when i do in contact with someone they transfer me out again. I've been transferred 4 times in one call and the 4th representative has hung up on me. They don't call back when you schedule a call back and they tell me i need more paperwork and every time I submit more paperwork they come back and say they need more information. Absolutely terrible customer service and their "supervisors" are just as bad. You guys are causing a lot of people who need their money even more hardships and stress.

      Empower Retirement

      Date: 10/04/2023

      Hello. We apologize for the issues you have encountered.Unfortunately, we are unable to assist with resolving the issue as we cannot locate an account using the information provided. If you require additional assistance, please contact our ********************* Thank you.

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