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Voya Financial is an American financial, retirement, investment and insurance company based in New York City. Voya began as ING U.S. , the United States operating subsidiary of ING Group , which was spun off in 2013 and established independent financial backing through an initial public offering . [ 2 ]
In 2019, Principal purchased Wells Fargo's institutional retirement and trust business (including 401k, pension, executive deferred compensation, employee stock ownership plans and asset advice business) for $1.2 billion. The deal was financed with cash and senior debt financing. [8]
Employees can acquire stock through three programs: an ESOP "PROFIT" [115] plan, 401(k) "SMART" (Saving Makes A Richer Tomorrow) plan, and an employee stock purchase plan. As of November 1, 2024, Publix stock is valued at $18.05 per share after a 5/1 stock split on April 1, 2022. [116] Publix stock was quoted on the US OTC market under the code ...
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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 .
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