Empower Retirement, the U.S. subsidiary of Great-West Lifeco Inc., has completed the previously announced acquisition of Prudential Financial Inc.’s full-service retirement business.

With the completed acquisition, Empower’s reach in the U.S. is expanded to more than 17.1 million retirement plan participants and assets under administration to US$1.4 trillion on behalf of about 71,000 workplace savings plans, according to a press release.

Read: Great-West Lifeco subsidiary acquiring Prudential Financial’s retirement business for $4.45BN

“We’re pleased that this strategic transaction has advanced Great-West Lifeco’s value-creation priorities, accelerated our growth and demonstrated immediate earnings accretion from expense and revenue synergies,” said Paul Mahon, president and chief executive officer at Great-West Lifeco, in the release. “Empower and its customers benefit from the significant added scale and capabilities, further solidifying Empower’s leadership position in the world’s largest retirement market.”