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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.
Prudential Financial is a Fortune 500 company that provides insurance, retirement planning, investment management, and other products and services. Founded in 1875 in Newark, New Jersey, it has grown to operate in over 40 countries and has the Rock of Gibraltar as its logo.
A 401 (k) plan is a personal retirement account that allows employees to contribute pre-tax or after-tax income to their retirement savings. Learn about the history, taxation, types, and rules of 401 (k) plans in the United States.
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The 401(k) has two varieties: the traditional 401(k) and the Roth 401(k). Traditional 401(k) : Employee contributions are made with pretax dollars, lowering your taxable income.
Principal Financial Group is a global financial investment management and insurance company based in Des Moines, Iowa. It was founded as Bankers Life Insurance Company in 1879 and has four business segments: Retirement and Income Solutions, Principal Global Investors, Principal International, and Benefits & Protection.
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