Are there minimum investment requirements?

Empower often has different minimum investment requirements depending on the specific product or service being utilized. For instance, investment accounts, retirement plans, and mutual funds may each have their own distinct minimums. Typically, a minimum investment amount may be set for individual accounts and retirement plans, while mutual funds can also impose minimums for initial purchases. It is important to consider that these requirements can vary by account type, fund category, or promotional offerings that may be in effect. Individuals interested in getting started with Empower's investment options should review the specific terms and conditions outlined in the relevant account or fund documents. These resources usually provide detailed information regarding minimum investments and any associated fees. Additionally, the Empower website is a good place to visit for the most current information, as it regularly updates pertinent details regarding investment requirements.