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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 2004 Hewitt reached revenues of $2.2 billion and the firm sustained its 43rd consecutive year of growth. Employees numbered more than 22,000 in nearly three dozen countries (including Brazil, China, France, India, Ireland, The Netherlands, Puerto Rico, Singapore, and Switzerland) serving more than 18 million employees for its corporate clients.
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OneAmerica Financial has served as the 500 Festival Mini-Marathon's title sponsor since 2004; the sponsorship is set to expire in 2024. In 2015, the company signed a four-year naming-rights partnership to become the title sponsor of Indianapolis Colts gameday radio broadcasts.
Nonetheless, ESOPs are regulated as retirement plans, and they are presented to employees as retirement plans, just like 401(k) plans. Comparison with 401(k) plans. ESOPs and 401(k)s are both retirement plans subject to the Employee Retirement Income Security Act (ERISA). While similar in some ways, the plans also have notable differences.
401(k) 403(b) - Similar to the 401(k), but for educational, religious, public healthcare, or non-profit workers; 401(a) and 457 plans - For employees of state and local governments and certain tax-exempt entities; Roth IRA - Similar to the IRA, but funded with after-tax dollars, with distributions being tax-free
Aon has approximately 50,000 employees across 120 countries. Founded in Chicago by Patrick Ryan, Aon was created in 1982 when the Ryan Insurance Group merged with the Combined Insurance Company of America. In 1987, that company was renamed Aon from aon, a Gaelic word meaning "one".
Research in the US shows that workers increase their participation in 401(k) plans (a type of retirement plan, with special tax advantages, which allows employees to save and invest for their retirement) when employers offer financial education programmes, whether in the form of brochures or seminars."