Empower completed the acquisition of OptionTrax.

Empower, a provider of retirement and wealth management services, completed the acquisition of OptionTrax, a digital equity plan administration platform and service provider. Financial terms were not disclosed. “Empower is acquiring OptionTrax to take the next step forward in the evolution of an integrated digital compensation solution for employers who want to make equity a key element of how they reward their associates,” Edmund F. Murphy III, Empower President and CEO.