Olympic Steel Moves to New 401(k) Plan Administrator

Empower is now Olympic Steel’s 401(k) Plan administrator – your new resource for accessing and managing your 401(k) account and investments.

Empower is now Olympic Steel’s 401(k) Plan administrator and your account is now LIVE!

This change to your plan account is designed to give you more ways to access and manage your account, improve your overall retirement planning experience and empower you to make the journey to retirement as rewarding as every day after.

TO ACCESS YOUR ACCOUNT
Now that the transition from Definiti to Empower is complete, here’s what you should do to be able to access your account when needed:

Register your account at empowermyretirement.com
Choose REGISTER, then the “I do not have a PIN” tab
Enter your personal information (NOTE: You will need to enter personal information, including your social security number and birth date, to complete the registration process.)
Download the free Empower Retirement app, available on iOS® and AndroidTM devices for easy access on-the-go!

PLEASE NOTE: Beneficiary information did NOT transfer from Definiti. After you register with Empower, you should enter your beneficiary information.

BEST PRACTICES TO PROTECT YOURSELF

See what you can do to help defend against cybersecurity threats. Visit empowermyretirement.com and click on the Security Tips link at the bottom of the page.

Account security

Empower uses multiple methods of authentication to make sure you are you, such as strong password requirements, security questions that only you would know, and Face ID or fingerprint login in our mobile app. Empower does not store the passwords of linked accounts, and your employer will not be able to see or access your linked accounts.

QUESTIONS?

Click here to access the Enrollment Guide. For questions about Olympic Steel’s 401(k) Plan, contact the HR Help Desk at 216.242.2886 or Corporate.HR@olysteel.com.

Need help planning for retirement? Contact CAPTRUST: https://iamolympicsteel.com/captrust-resources-to-help-you-save/

About Empower

Headquartered in metro Denver, Empower administers approximately $1.4 trillion in assets1 for more than 17 million retirement plan participants and is the nation’s second-largest retirement plan recordkeeper by total participants.2 Empower serves all segments of the employer-sponsored retirement plan market: government 457 plans; small, mid-size and large corporate 401(k) clients; nonprofit 403 (b) entities; private-label recordkeeping clients; and IRA customers. Personal Capital, a subsidiary of Empower, is an industry-leading hybrid wealth manager. For more information, please visit empower.com or on social media – Facebook, Twitter, LinkedIn and Instagram.

The Fine Print

1 As of April 1, 2022. Information refers to all retirement business of Great-West Life & Annuity Insurance Company (GWLA) and its subsidiaries, including Empower Retirement, LLC; Great-West Life & Annuity Insurance Company of New York (GWLANY); and Prudential Retirement Insurance & Annuity Company (PRIAC), marketed under the Empower brand. Assets represents the estimated consolidated pro forma assets under administration (AUA) of Empower and the full-service retirement business of Prudential Financial, Inc., as of December 31, 2021. AUA is a non-GAAP measure and does not reflect the financial stability or strength of a company. As of December 31, 2021, GWLA’s statutory assets total $75.9B and liabilities total $73.0B, GWLANY’s statutory assets total $4.1B and liabilities total $3.9B, and PRIAC’s statutory assets total $100.329B and liabilities total $98.793B.

2 Pension & Investments 2020 Defined Contribution Survey Ranking as of April 2021.

Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC. EFSI is an affiliate of Empower Retirement, 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.

IMPORTANT: The projections or other information generated on the website by the investment analysis tool regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. The results may vary with each use and over time.

“EMPOWER” and all associated logos, and product names are trademarks of Empower Annuity Insurance Company of America.

Empower Retirement, LLC and its affiliates are not affiliated with Morgan Stanley.

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