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In 2019, Principal purchased Wells Fargo's institutional retirement and trust business (including 401k, pension, executive deferred compensation, employee stock ownership plans and asset advice business) for $1.2 billion.
Empower was created in 1891, when parent company Great-West Lifeco was founded as an insurance provider on the Canadian prairie. [1] After serving more than a century of expansion and a profound evolution of service offerings, the modern iteration of Empower was launched in 2014, when the retirement businesses of Great-West Life combined the record-keeping services of Great-West Financial ...
Gusto, Inc. is a company that provides a cloud-based payroll, benefits, and human resource management software for businesses based in the United States. Gusto handles payments to employees, and contractors and also handles electronically the paperwork necessary to help client companies comply with tax, labor, and immigration laws. [3]
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.
If you’ve left your job, there are several options for how to roll over your employer-sponsored 401 (k) retirement plan. Making the right decision on where to roll over your account can ...
An employee's 401 (k) plan is a retirement savings plan. The option of an employer matching program varies from company to company. It is not mandatory for a company to offer a contribution to their 401 (k) plans. Contributions may benefit the company in various ways: as an employee benefit to attract and retain employees, as a business tax ...
Not all 401 (k) accounts allow you to withdraw funds early, so you’ll need to check with your plan administrator to see if a hardship withdrawal is allowed.
On August 1, 2019, Employee benefits platform Hodges-Mace was acquired by Alight Solutions. [12] On August 22, 2019, Alight Solutions announced the acquisition of NGA Human Resources, a provider of digital human resources and global payroll services.