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Empower is a subsidiary of Great-West Lifeco that offers retirement plan services to individuals and organizations. It was created in 2014 by combining the record-keeping businesses of Great-West Life, JPMorgan Chase, and Putnam Investments.
PSERS is a governmental defined benefit plan for public school employees in Pennsylvania, with over 500,000 members and $72.8 billion in assets. It has been criticized for its high fees, poor performance, and controversial investments in alternative assets such as private equity and hedge funds.
WellSpan Health is a private, not-for-profit health care provider that operates eight hospitals and over 220 patient care locations in South-Central Pennsylvania and parts of northern Maryland. It offers various services such as residency programs, mental health services, home health care, and emergency services.
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On Jan. 1, IBM put the brakes on its dollar-for-dollar 5% employee match in its 401(k) plan and began providing most of its US workers a portable "retirement benefit account."
Learn about the types, tax benefits, and funding of IRAs, a form of pension provided by many financial institutions in the United States. Compare traditional, Roth, SEP, SIMPLE, and self-directed IRAs, and their history and rules.
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