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Empower acquired the heritage SunTrust 401(k) recordkeeping business, which includes approximately 300 retirement plans consisting of more than 73,000 plan participants and $5 billion in plan assets. On September 29, 2020, Empower announced that it would acquire the retirement plan recordkeeping business of Fifth Third Bank.
A 401 (k) plan is a tax-advantaged retirement savings tool offered by employers that allows eligible employees to contribute a portion of their salary up to a set amount each year. Unlike ...
For instance, the median holding in a retirement account for all workers aged 55–64 is only $15,000, but the average worker needs $600,000 to supplement Social Security and maintain their ...
Follow these five steps to get started on your 401 (k) rollover: Decide what kind of account you want. Decide where you want the money to go. Open your account and find out how to conduct a ...
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related to: empower retirement 401k nadart- What Sets Us Apart?
Our Expert Guidance Can Help You
Make Informed Investing Decisions.
- IRA: Roth vs. Traditional
Compare the Benefits of Both to See
What Best Fits Your Retirement Goal
- Why Invest with Us?
Reach Your Goals with Help from
Our Strategic Investing Approach.
- T. Rowe Price Insights
Our Perspectives on the Markets,
Retirement and Personal Finance.
- What Sets Us Apart?