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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.
For 2024, an eligible saver can contribute an extra $7,500 to a 401(k), 403(b), 457 or government Thrift Savings Plan, bringing their total annual contribution to $30,500.
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. Unlike ...
You might be able to defer taxes on your earned interest if you open a CD as part of a retirement account, like an IRA or 401(k). Talk to a financial advisor with expertise in retirement planning ...
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The deferral limit for 2024 is $23,000 for employees under age 50. Employees age 50 and older can make additional, “catch-up” contributions totaling $7,500 if the 401 (k) plan permits it. The ...
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