What are the fees associated with using Empower?

Empower offers a variety of financial services and products, and the fees associated with these services can vary depending on factors such as the specific product utilized, the investment options selected, and the account type. Typically, Empower may charge management fees, advisory fees, and certain administrative fees related to account maintenance. For example, investment management fees can be a percentage of assets under management and may vary based on the investment strategy employed. Additionally, there might be fund-level expenses associated with mutual funds and exchange-traded funds, which can include things like expense ratios. It is also essential to keep in mind that some retirement plans or accounts may have their own fee structures that could impact what one might expect to pay for services. To better understand the specific fees applicable to individual circumstances, it is advisable to review the documentation provided for the particular account or service being utilized. This information is typically available on the Empower website, where one can find comprehensive details regarding fees and potential expenses. By checking the current web page, users can gain clarity about the costs involved and make informed decisions regarding their financial planning.