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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.
Unlike traditional pension plans, in which the employer promises a specified monthly benefit at retirement, 401 (k) plans are funded by contributions deducted directly from the employee’s ...
Depending on your situation — and if you are facing retirement in the next 10 to 15 years — it might be better to invest your savings in a 401(k), especially if your employer matches funds.
2. What to do with your 401 (k) after leaving a job. When you leave an employer, you have several options: Leave the account where it is. Roll it over to your new employer’s 401 (k) on a pre-tax ...
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Dollar Tree offers discounts and deals on products from nearly every aisle. For as little as $1.25, you can find name-brand sponges and greeting cards that will help you stay on budget and live ...
The ability to take out a loan helps make a 401 (k) plan one of the best retirement plans, but a loan has some key disadvantages. While you’ll pay yourself back, you’re still removing money ...