A power converter can include a magnetic energy storage element, a main switch, a synchronous rectifier switch, and an energy recovery circuit. The energy recovery circuit can include a resonant circuit and an auxiliary switch configured to operate in conjunction with the main and synchronous rectifier switches to store energy in the resonant circuit and deliver energy therefrom to reduce switching losses associated with the main and synchronous rectifier switches. The converter can be a buck, boost, buck-boost, or other converter type. The auxiliary switch may be operated according to a two-pulse control mode or using a conventional buck converter controller with additional delay elements. The resonant circuit inductance may be a discrete inductor or a parasitic inductance, such as a PCB trace, which may be designed to provide a desired inductance value selected to efficiently provide sufficient energy to achieve reduced switching losses of the main and auxiliary switches.