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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. 
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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 ...
Users link their banks, brokerages, 401 (k)s, mortgages, credit cards, and loans. Analytics and planning advice is then automated through a 401 (k) fee analyzer, retirement planner, mutual fund analyzer, an investment checkup, and cash flow tool.