Empower Retirement

Sucks at investing

Auto enrolled into this shit-stain of an Empower Retirement through my internship. Despite opting out, they put me back in when it came time to process the first payment.

These assholes took about $130 off my paycheck and refused to give it back until 2 months after it “vested” (that or some other bullshit–regardless, it was way too long for what amounted to a refund).

Once it came to that time, I was given a few other reasons to delay my payment.

I can’t remember what for, as it was three months ago, and those reasons basically amounted to them being a bureaucratic hellscape.

But finally, I got them to start the refund–only after realizing, to my horror, that they “invested it.”

In the month they played it in the stock market, my $130 shrank to about $100—a loss.

I want to point out that this is the longest bull economy in our nation’s history. How in the economic fuck did they pull that off?

Naturally, they took a fee for the refund, and then I incurred a $19 tax for the early withdrawal of my 401k.

The auto-enroll payment that should have never went through occurred in August 2018.

It is now February 2019, and I am looking at a $77 check from Empower.

While I figure getting that back is better than forgetting about the account forever, I’m still pissed that we live in a world where companies like this exist.

tl;dr: Anti-consumer. Bureaucratic. It sucks at investing. They all probably eat babies.

Is Empower Retirement a legit?

Empower Retirement is not running a legit business. They are not aggressive towards customer satisfaction and complaint grievance redressal, Hence 67 consumer[s] submitted negative ratings, and only a few left positive feedback.

Where is Empower Retirement located?

Empower Retirement is headquarted at Greenwood Village, CO 80111. You can contact Empower Retirement by dialing (855) 756-4738 or visit their website empower-retirement.com.

How much monetary loss is incurred by Empower Retirement’s customers?

According to Empower Retirement’s customers, a monetary loss of US $12547 has been reported. The severity of entire incident reports is extremely high.

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Reviews: 67
Reported Loss : 12547 $
Severity : Extremely High
Reported by : Anonymous
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