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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.
Fifth Third Bank ( 5/3 Bank ), the principal subsidiary of Fifth Third Bancorp, is an American bank holding company headquartered in Cincinnati, Ohio. Fifth Third is one of the largest consumer banks in the Midwestern United States . Fifth Third's client base spans retail, small business, corporate, and investment clients.
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Employee Retirement Income Security Act of 1974. Fifth Third Bancorp v. Dudenhoeffer, 573 U.S. 409 (2014), was a United States Supreme Court case in which the court found Employee stockownership ( ESOP) fiduciaries have the same prudential duties as non-ESOP fiduciaries, as set by ERISA, except that they are not required to diversify their ...
Fees at Fifth Third Bank and Other Banks. Fee. Fifth Third Bank. Bank of America. Chase. Citibank. U.S. Bank. Wells Fargo. Monthly Maintenance. Up to $25. Up to $25. Up to $25. Up to $30. Up to ...
Fifth Third is a national bank that offers its customers personal loans up to $50,000. Borrowers can apply both online and in-person, but those applying online are only eligible for $25,000.
Fifth Third CEO Timothy Spence got a 15.3% raise last year, bringing his total 2023 compensation to nearly $9.4 million, company disclosures show.
George Schaefer (finance) George Alphonse Schaefer Jr. [1] (born May 17, 1945) [2] is the former CEO of Fifth Third Bancorp in Cincinnati, Ohio, a financial services company whose banking arm is Fifth Third Bank. [3] In April 2007, Schaefer stepped down as CEO, deferring to Kevin T. Kabat, retaining his role as chairman of the board.
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