Empower Acquires OptionTrax (Plan Management Corporation)
September 23, 2024
Empower has acquired Plan Management Corporation (PMC), the creator of the OptionTrax equity compensation administration platform, and will integrate the platform into its digital wealth and retirement offerings. The OptionTrax platform — used by more than 300 employers and representing approximately $62 billion in equity compensation plan value — will be rebranded as "OptionTrax by Empower" and operated under the newly formed Empower Stock Plan Services, LLC.
- Buyers
- Empower
- Targets
- Plan Management Corporation (OptionTrax)
- Industry
- Wealth Management
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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