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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.
The Massachusetts Mutual Life Insurance Company, also known as MassMutual, is a Springfield, Massachusetts -based life insurance company. MassMutual provides financial products such as life insurance, disability income insurance, long term care insurance, retirement/401 (k) plan services, and annuities. Major affiliates include Barings LLC, and ...
Catch-up contributions allow workers with employer-sponsored retirement plans such as a 401(k) ... 58 percent of participants with an income of more than $150,000 made catch-up contributions in 2022.
Northeastern University (NU or NEU) is a private research university with its main campus in Boston, Massachusetts.Established in 1898, it was founded by the Boston Young Men's Christian Association as an all-male institute before being incorporated as Northeastern College in 1916, gaining university status in 1922.
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Great West Life & Annuity Insurance Company is a company that provides individuals and businesses in all of the USA's states with life insurance, retirement benefits (which are paid for by employers) and annuities distributed by its own brokers and institutions. This division began operations in the USA on May 28, 1997.
Aon Hewitt (formerly known as Hewitt Associates) was a provider of human capital and management consulting services headquartered in Lincolnshire, Illinois in the United States. From 500 offices in 120 countries, it provided consulting, outsourcing, and reinsurance brokerage services. The "Aon Hewitt" brand and legal entities have now been ...
A traditional 403 (b) plan offers several advantages: Pre-tax contributions: Pre-tax contributions reduce your taxable income in the year you contribute. Tax-deferred growth: Your contributions ...