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  2. Empower (financial services) - Wikipedia

    en.wikipedia.org/wiki/Empower_(financial_services)

    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.

  3. What is a solo 401(k)? A great self-employed retirement option

    www.aol.com/finance/solo-401-k-great-self...

    A solo 401 (k) plan, also called a one-participant 401 (k) or a solo K, offers self-employed people an efficient way to save for retirement. There are no age or income restrictions, but ...

  4. A complete guide to 401(k) retirement plans: What is a ... - AOL

    www.aol.com/finance/complete-guide-401-k...

    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 ...

  5. Putnam Investments - Wikipedia

    en.wikipedia.org/wiki/Putnam_Investments

    In 2009, according to a Putnam press release, Reynolds designed a 10-point plan and launched an effort calling for public and private collaboration to strengthen the nation's retirement system. That year, Putnam launched the industry's first suite of absolute return funds available to U.S. retail investors and re-entered the institutional ...

  6. The Pros and Cons of Withdrawing on Your 401(k) Early - AOL

    www.aol.com/finance/pros-cons-withdrawing-401-k...

    People love 401(k) plans because they're simple, contributions are automatic and, in many cases, they offer free money in the form of matching employer funds. Unlike Roth IRAs and annuities ...

  7. 401(k) - Wikipedia

    en.wikipedia.org/wiki/401(k)

    401 (k) In the United States, a 401 (k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401 (k) of the U.S. Internal Revenue Code. [1] Periodic employee contributions come directly out of their paychecks, and may be matched by the employer.

  8. Solo 401(k) - Wikipedia

    en.wikipedia.org/wiki/Solo_401(k)

    A Solo 401(k) (also known as a Self Employed 401(k) or Individual 401(k)) is a 401(k) qualified retirement plan for Americans that was designed specifically for employers with no full-time employees other than the business owner(s) and their spouse(s). The general 401(k) plan gives employees an incentive to save for retirement by allowing them ...

  9. Retirement Savings: 7 Drawbacks of Using Only a 401(k) - AOL

    www.aol.com/retirement-savings-7-drawbacks-using...

    When it comes to retirement planning, 401(ks) are often touted as one of the best ways to prepare for that day when you are no longer drawing a work-related income. While 401(k)s have many ...

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