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Putnam Investments is an investment management firm founded in 1937 by George Putnam, who established one of the first balanced mutual funds, The George Putnam Fund of Boston. Headquartered in Boston, Massachusetts, it has offices in London, Tokyo, Frankfurt, Sydney, and Singapore. Putnam is currently a subsidiary of Franklin Templeton Investments.
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.
A defined contribution (DC) plan is a type of retirement plan in which the employer, employee or both make contributions on a regular basis. Individual accounts are set up for participants and benefits are based on the amounts credited to these accounts (through employee contributions and, if applicable, employer contributions) plus any investment earnings on the money in the account.
A 403(b) plan is a retirement savings plan available to employees of public schools, churches and certain 501(c)(3) nonprofit organizations. Named after the section of the IRS code that governs it ...
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 ...
By Kelly Campbell Defined contribution plans, such as 401(k)s, are the most popular employer-sponsored retirement plan in America, 5 Future 401(k) Changes You Need to Keep an Eye On Skip to main ...
A stable value fund is a type of investment available in 401 (k) plans and other defined contribution plans as well as some 529 or tuition assistance plans. [1] Stable value funds are often made available in these plans under a name that intends to describe the nature of the fund (such as capital preservation fund, fixed-interest fund, capital ...
This New 401(k) Program Provides Hands-on Investment Management appeared first on SmartAsset Blog. Long-term financial planning can be difficult, and while new automatic enrollment and ...