Label |
Element |
Value |
Risk Return Abstract |
rr_RiskReturnAbstract |
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Registrant Name |
dei_EntityRegistrantName |
EMPOWER FUNDS, INC.
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Prospectus Date |
rr_ProspectusDate |
Apr. 30, 2025
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Empower Small Cap Value Fund |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk/Return [Heading] |
rr_RiskReturnHeading |
<span style="color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:bold;">Fund Summary</span>
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Objective [Heading] |
rr_ObjectiveHeading |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Investment Objective</span>
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Objective, Primary [Text Block] |
rr_ObjectivePrimaryTextBlock |
The Fund seeks long-term capital growth.
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Objective, Secondary [Text Block] |
rr_ObjectiveSecondaryTextBlock |
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Expense [Heading] |
rr_ExpenseHeading |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Fees and Expenses of the Fund</span>
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Expense Narrative [Text Block] |
rr_ExpenseNarrativeTextBlock |
This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund. This table does not reflect the fees and expenses of any Permitted Account. If the fees and expenses of a Permitted Account were reflected, the fees and expenses shown below would be higher.
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Operating Expenses Caption [Text] |
rr_OperatingExpensesCaption |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> (expenses that you pay each year as a percentage of the value of your investment)</span>
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Fee Waiver or Reimbursement over Assets, Date of Termination |
rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination |
<span style="color:#000000;font-family:Times New Roman;font-size:9pt;">April 30, 2026</span>
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Portfolio Turnover [Heading] |
rr_PortfolioTurnoverHeading |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Portfolio Turnover</span>
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Portfolio Turnover [Text Block] |
rr_PortfolioTurnoverTextBlock |
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate generally indicates higher transaction costs. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s turnover rate was 42% of the average value of its portfolio.
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Portfolio Turnover, Rate |
rr_PortfolioTurnoverRate |
42.00%
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Expense Example [Heading] |
rr_ExpenseExampleHeading |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Example</span>
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Expense Example Narrative [Text Block] |
rr_ExpenseExampleNarrativeTextBlock |
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example does not reflect the fees and expenses of any Permitted Account. If the fees and expenses of any Permitted Account were reflected, the fees and expenses in the Example would be higher.The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of each period. The Example also assumes that the Expense Limit is in place for the first year, that your investment has a 5% return each year, that all dividends and capital gains are reinvested, and that the Fund’s operating expenses are the amount shown in the fee table and remain the same for the years shown. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
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Strategy [Heading] |
rr_StrategyHeading |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Principal Investment Strategies</span>
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Strategy Narrative [Text Block] |
rr_StrategyNarrativeTextBlock |
Below is a summary of the principal investment strategies of the Fund.The Fund will, under normal circumstances, invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of small capitalization (“small cap”) companies. For purposes of the 80% policy, the Fund considers small cap companies to be those whose market capitalization falls within the range of the Russell 2000® Value Index at the time of initial purchase. As of December 31, 2024, the market capitalizations of the companies in the Russell 2000® Value Index ranged from $8 million to $13.2 billion. If the market capitalization of a company held by the Fund moves outside this range, the Fund may, but is not required to, sell the securities. The Fund emphasizes a “value style” of investing, seeking companies that are undervalued in comparison to their peers due to economic, market, company-specific or other factors, but have the prospect of achieving improved valuations in the future. The Fund may also focus its investments in certain sectors, such as the financial sector.Empower Capital Management, LLC (“ECM”) is the Fund’s investment adviser and, subject to the approval of the Board of Directors of Empower Funds (the “Board”), selects the Fund’s sub-advisers and monitors their performance on an ongoing basis. The Fund’s investment portfolio is managed by two sub-advisers: Hotchkis & Wiley Capital Management, LLC (“Hotchkis & Wiley”) and Loomis, Sayles & Company, L.P. (“Loomis Sayles”) (each, a “Sub-Adviser,” and collectively, the “Sub-Advisers”).•Hotchkis & Wiley employs a disciplined, bottom-up investment process to identify stocks whose future prospects are misunderstood or not fully recognized by the market. As part of the investment process, Hotchkis & Wiley evaluates general and industry-specific environmental, social, and governance (“ESG”) factors that it believes to be the most financially material to a company’s short-, medium-, and long-term enterprise value. ESG considerations are only one component in the evaluation of eligible investments and may not be a determinative factor in the final investment decision.•Loomis Sayles seeks to build a small cap portfolio of common stocks that it believes are undervalued in the market and have favorable prospects for recovery. Loomis Sayles includes ESG factors as part of its security analysis to identify financially material factors that may impact businesses over the long term. ESG considerations are only one component in the evaluation of eligible investments and may not be a determinative factor in the final investment decision.ECM maintains a strategic allocation of the Fund’s assets with each Sub-Adviser and reviews the asset allocations on a quarterly basis, or more frequently as deemed necessary. As of the date of this Prospectus, the target percentage is a 35% allocation of the Fund’s assets to Hotchkis & Wiley and a 65% allocation of the Fund’s assets to Loomis Sayles. Actual allocations may vary from the target allocations and ECM may change the asset allocations at any time without shareholder notice or approval.
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Risk [Heading] |
rr_RiskHeading |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Principal Investment Risks</span>
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Bar Chart and Performance Table [Heading] |
rr_BarChartAndPerformanceTableHeading |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Performance</span>
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Performance Narrative [Text Block] |
rr_PerformanceNarrativeTextBlock |
The bar chart and table below provide an indication of the risk of investment in the Fund by showing changes in the performance of the Fund’s Investor Class shares for the last ten calendar years and by comparing the Fund's average annual total returns to the performance of a broad-based securities market index and an additional index with investment characteristics similar to those of the Fund.The returns shown below are historical and are not an indication of future performance.Total return figures assume reinvestment of dividends and capital gains distributions and include the effect of the Fund’s recurring expenses, but do not include fees and expenses of any Permitted Account. If the fees and expenses of any Permitted Account were reflected, the performance shown would be lower.Performance information prior to October 23, 2020 is for Loomis Sayles only. Consequently, the Fund’s total returns shown below for the periods prior to that date are not necessarily indicative of the performance of the Fund as it is currently managed.Updated performance information may be obtained at www.empower.com/investments/empower-funds/fund-documents (the website does not form a part of this Prospectus).
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Performance Information Illustrates Variability of Returns [Text] |
rr_PerformanceInformationIllustratesVariabilityOfReturns |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table below provide an indication of the risk of investment in the Fund by showing changes in the performance of the Fund’s Investor Class shares for the last ten calendar years and by comparing the Fund's average annual total returns to the performance of a broad-based securities market index and an additional index with investment characteristics similar to those of the Fund.</span>
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Performance Availability Website Address [Text] |
rr_PerformanceAvailabilityWebSiteAddress |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">www.empower.com/investments/empower-funds/fund-documents</span>
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Performance Past Does Not Indicate Future [Text] |
rr_PerformancePastDoesNotIndicateFuture |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The returns shown below are historical and are not an indication of future performance.</span>
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Bar Chart [Heading] |
rr_BarChartHeading |
<span style="color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:bold;">Calendar Year Total Returns</span>
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Bar Chart Does Not Reflect Sales Loads [Text] |
rr_BarChartDoesNotReflectSalesLoads |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Total return figures assume </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">reinvestment of dividends and capital gains distributions and include the effect of the Fund’s recurring expenses, but do not include fees and expenses of any Permitted Account. If the fees and expenses of any Permitted Account were reflected, the performance </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">shown would be lower.</span>
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Bar Chart Closing [Text Block] |
rr_BarChartClosingTextBlock |
Quarter EndedTotal ReturnBest QuarterDecember 31, 202029.05%Worst QuarterMarch 31, 2020-33.62%
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Performance Table Heading |
rr_PerformanceTableHeading |
<span style="color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:bold;">Average Annual Total Returns for the Periods Ended December 31, 2024</span>
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Performance Table Market Index Changed |
rr_PerformanceTableMarketIndexChanged |
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Empower Small Cap Value Fund | Risk Lose Money [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
and is subject to the possible loss of your original investment.
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Empower Small Cap Value Fund | Risk Not Insured [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
An investment in the Fund is not a deposit with a bank, is not insured, endorsed or guaranteed by the Federal Deposit Insurance Corporation or any government agency
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Empower Small Cap Value Fund | Equity Securities Risk [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Equity Securities Risk - The value of equity securities held by the Fund may decline as a result of factors directly related to a company, a particular industry or industries, or general market conditions that are not specifically related to a company or an industry.
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Empower Small Cap Value Fund | Market Risk [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Market Risk - The value of the Fund’s investments may decrease, sometimes rapidly or unexpectedly, due to factors affecting (or perceived to affect) specific issuers held by the Fund, particular industries represented in the Fund’s portfolio, or the overall securities markets. A variety of factors can increase the volatility of the Fund’s holdings and markets generally, including political or regulatory developments, recessions, inflation, deflation, rapid interest rate changes, bank failures, war or acts of terrorism, sanctions, tariffs, natural disasters, outbreaks of infectious illnesses or other widespread public health issues, general outlook for corporate earnings, or adverse investor sentiment generally. Certain events may cause instability across global markets, including reduced liquidity and disruptions in trading markets, while some events may affect certain geographic regions, countries, sectors, and industries more significantly than others. These adverse developments may cause broad declines in an issuer’s value due to short-term market movements or for significantly longer periods during more prolonged market downturns.
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Empower Small Cap Value Fund | Small Or Mid Cap Company Risk [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Small-Size Company Risk - The stocks of small-size companies often trade in lower volumes, may be less liquid, and are subject to greater or more unpredictable price changes than stocks of larger companies. Such companies may also have limited markets, financial resources or product lines, may lack management depth, and may be more vulnerable to adverse business or market developments. Accordingly, stocks of small-size companies tend to be more sensitive to changing economic, market, and industry conditions and tend to be more volatile and less liquid than stocks of larger companies, especially over the short term, and are more likely not to survive or accomplish their goals with the result that the value of their stock could decline significantly. In addition, there may be less publicly available information concerning small-size companies upon which to base an investment decision.
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Empower Small Cap Value Fund | Value Stock Risk [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Value Stock Risk - A value style of investing is subject to the risk that returns on value stocks are less than returns on other styles of investing or the overall stock market. Value stocks tend to trade at lower price-to-book and price-to-earnings ratios, which suggest the market as a whole views their potential future earnings as limited.
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Empower Small Cap Value Fund | Sector Risk [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Sector Risk - The Fund may, from time to time, invest a significant portion of its assets in companies within a particular sector, and its performance may suffer if that sector underperforms the overall market.
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Empower Small Cap Value Fund | Environmental Social and Governance Considerations Risk [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Environmental, Social and Governance Considerations Risk - The Fund’s portfolio selection strategy is not solely based on ESG considerations, and therefore the issuers in which the Fund invests may not be considered ESG-focused companies. Consideration of ESG factors may affect the Fund’s exposure to certain issuers or industries and may not work as intended. While ESG considerations may have the potential to contribute to the Fund’s long-term performance, there is no guarantee that such results will be achieved.
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Empower Small Cap Value Fund | Management Risk [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Management Risk - A strategy, investment decision, technique, analysis, or model used by the portfolio managers may fail to produce the intended results or imperfections, errors or limitations in the tools and data used by the portfolio managers may cause unintended results. Therefore, the Fund could underperform in comparison to other funds with similar objectives and investment strategies and may generate losses even in a favorable market.
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Empower Small Cap Value Fund | Multi Manager Risk [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Multi-Manager Risk - Because the Sub-Advisers make investment decisions independently, it is possible that the security selection processes of the Sub-Advisers may not complement one another, and the Fund may have buy and sell transactions in the same security on the same day.
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Empower Small Cap Value Fund | Institutional |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Management Fees |
rr_ManagementFeesOverAssets |
0.71%
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Distribution and Service (12b-1) Fees |
rr_DistributionAndService12b1FeesOverAssets |
none
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Shareholder Services Fees |
rr_Component1OtherExpensesOverAssets |
none
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Other Expenses |
rr_Component2OtherExpensesOverAssets |
0.03%
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Total Other Expenses |
rr_OtherExpensesOverAssets |
0.03%
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Total Annual Fund Operating Expenses |
rr_ExpensesOverAssets |
0.74%
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Fee Waiver and Expense Reimbursement |
rr_FeeWaiverOrReimbursementOverAssets |
none
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[1] |
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement |
rr_NetExpensesOverAssets |
0.74%
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1 Year |
rr_ExpenseExampleYear01 |
$ 76
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3 Years |
rr_ExpenseExampleYear03 |
237
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5 Years |
rr_ExpenseExampleYear05 |
411
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10 Years |
rr_ExpenseExampleYear10 |
$ 918
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OneYear |
rr_AverageAnnualReturnYear01 |
8.65%
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FiveYears |
rr_AverageAnnualReturnYear05 |
9.51%
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TenYears |
rr_AverageAnnualReturnYear10 |
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SinceInception |
rr_AverageAnnualReturnSinceInception |
8.30%
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InceptionDate |
rr_AverageAnnualReturnInceptionDate |
May 01, 2015
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Empower Small Cap Value Fund | Investor |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Management Fees |
rr_ManagementFeesOverAssets |
0.71%
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Distribution and Service (12b-1) Fees |
rr_DistributionAndService12b1FeesOverAssets |
none
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Shareholder Services Fees |
rr_Component1OtherExpensesOverAssets |
0.35%
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Other Expenses |
rr_Component2OtherExpensesOverAssets |
0.09%
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Total Other Expenses |
rr_OtherExpensesOverAssets |
0.44%
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Total Annual Fund Operating Expenses |
rr_ExpensesOverAssets |
1.15%
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Fee Waiver and Expense Reimbursement |
rr_FeeWaiverOrReimbursementOverAssets |
0.06%
|
[1] |
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement |
rr_NetExpensesOverAssets |
1.09%
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1 Year |
rr_ExpenseExampleYear01 |
$ 111
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|
3 Years |
rr_ExpenseExampleYear03 |
359
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5 Years |
rr_ExpenseExampleYear05 |
627
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10 Years |
rr_ExpenseExampleYear10 |
$ 1,392
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|
2015 |
rr_AnnualReturn2015 |
(3.46%)
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2016 |
rr_AnnualReturn2016 |
25.83%
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2017 |
rr_AnnualReturn2017 |
9.73%
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2018 |
rr_AnnualReturn2018 |
(16.20%)
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2019 |
rr_AnnualReturn2019 |
24.67%
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2020 |
rr_AnnualReturn2020 |
3.20%
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2021 |
rr_AnnualReturn2021 |
30.67%
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2022 |
rr_AnnualReturn2022 |
(10.03%)
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2023 |
rr_AnnualReturn2023 |
17.81%
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2024 |
rr_AnnualReturn2024 |
8.21%
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Highest Quarterly Return, Label |
rr_HighestQuarterlyReturnLabel |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0.0pt;">Best Quarter</span>
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Highest Quarterly Return, Date |
rr_BarChartHighestQuarterlyReturnDate |
Dec. 31, 2020
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|
Highest Quarterly Return |
rr_BarChartHighestQuarterlyReturn |
29.05%
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Lowest Quarterly Return, Label |
rr_LowestQuarterlyReturnLabel |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0.0pt;">Worst Quarter</span>
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Lowest Quarterly Return, Date |
rr_BarChartLowestQuarterlyReturnDate |
Mar. 31, 2020
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Lowest Quarterly Return |
rr_BarChartLowestQuarterlyReturn |
(33.62%)
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OneYear |
rr_AverageAnnualReturnYear01 |
8.21%
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FiveYears |
rr_AverageAnnualReturnYear05 |
9.11%
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TenYears |
rr_AverageAnnualReturnYear10 |
7.97%
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SinceInception |
rr_AverageAnnualReturnSinceInception |
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Empower Small Cap Value Fund | Russell 3000® Index (reflects no deduction for fees, expenses or taxes) |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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OneYear |
rr_AverageAnnualReturnYear01 |
23.81%
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|
FiveYears |
rr_AverageAnnualReturnYear05 |
13.86%
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|
TenYears |
rr_AverageAnnualReturnYear10 |
12.55%
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SinceInception |
rr_AverageAnnualReturnSinceInception |
12.74%
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Empower Small Cap Value Fund | Russell 2000® Value Index (reflects no deduction for fees, expenses or taxes) |
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|
Risk Return Abstract |
rr_RiskReturnAbstract |
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|
OneYear |
rr_AverageAnnualReturnYear01 |
8.05%
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FiveYears |
rr_AverageAnnualReturnYear05 |
7.29%
|
|
TenYears |
rr_AverageAnnualReturnYear10 |
7.14%
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SinceInception |
rr_AverageAnnualReturnSinceInception |
7.41%
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