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HomeMy WebLinkAbout1. Empower Cover Letter San Luis Obispo Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC. EFSI is an affiliate of Empower, LLC; Empower Funds, Inc.; and registered investment adviser, Empower Advisory Group, LLC. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. “EMPOWER” and all associated logos and product names are trademarks of Empower Annuity Insurance Company of America. ©2026 Empower, LLC. All rights reserved. June 12, 2026 Kate Auslen Risk and Benefits Manager City of San Luis Obispo 990 Palm Street San Luis Obispo, CA 93401 Re: Empower renewal offer Dear Kate, On behalf of Empower, thank you for the opportunity to respond to your request for proposal (RFP)l for The City of San Luis Obispo (City) and to tell you more about Empower’s vision for the future of the City. We are committed to the retirement business, and this enables Empower to commit to your needs for the long term. As a leading provider to government 457 plan assets, we understand that each client and each retirement program are unique. We will tailor our strategy for the City and include the following key features. • You receive consistent and reliable personal service. Your Empower service team is trained and experienced in the public sector and will grow to understand your unique needs and preferences supported by our proprietary recordkeeping platform, state-of-the-art tools, and retirement-first focus to provide results for you and your employees. • Your participants receive a participant experience focused on results with the resources, tools, and personalization to receive a comprehensive savings experience at the level of detail and complexity that suits each participant’s individual goals. • We provide participant-level fiduciary advice when people want it, via the channels they prefer, tailored to their needs, and delivered by Empower including through your local retirement plan advisor. • Our plan sponsor experience helps alleviate your administrative burden and improve results through an intuitive dashboard, plan insights, and a data library with underlying data visualizations that provide simplified access to key performance indicators. • We commit to keeping your plan and participant information safe, and we stand behind the security of customer accounts with the Empower Security Guarantee.1 Enclosed with our proposal response is our sample Master Services Agreement along with the Recordkeeping Service Schedules and the Data Security & Privacy Exhibit (“Agreement”). We expect certain terms of this Agreement will supplement any resulting agreement between the parties. If you have questions you wish to discuss further, please contact Paul Whipple, Regional Sales Director, at 949- 204-9180 or paul.whipple@empower.com. 1 For more information regarding account security, including the Empower Security Guarantee, visit empower.com and, from the list of additional links at the bottom of the page, click Security center. Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC. EFSI is an affiliate of Empower, LLC; Empower Funds, Inc.; and registered investment adviser, Empower Advisory Group, LLC. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. “EMPOWER” and all associated logos and product names are trademarks of Empower Annuity Insurance Company of America. ©2026 Empower, LLC. All rights reserved. By signing this letter, I affirm that I am duly authorized to bind the Company. I confirm that we meet the minimum requirements, unless otherwise noted. I confirm that we have included the following submittal forms as part of our response: • 1. Cover Letter • 2. Recordkeeper Profile • 3. Qualification and Experience Summary • 4. Work Plan • 5. Pricing Request Form • 6. Certificate of Insurance • 7. References • 8 Statement of Past Contract Disqualifications • 9. Statement of Past Contract Disqualifications • J. Proposal Form: References • K. Proposal Form: Statement of Past Contract Disqualifications • L. Proposal Form: Pricing Request Sincerely, Brian Morris | Senior Vice President National Sales, Government Markets | 100 Federal St., Boston MA 02110 | 917-797-8769| brian.morris@empower.com