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  2. Principal Financial Group - Wikipedia

    en.wikipedia.org/wiki/Principal_Financial_Group

    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]

  3. Empower (financial services) - Wikipedia

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

    Empower was created in 1891, when parent company Great-West Lifeco was founded as an insurance provider on the Canadian prairie. [1] After serving more than a century of expansion and a profound evolution of service offerings, the modern iteration of Empower was launched in 2014, when the retirement businesses of Great-West Life combined the record-keeping services of Great-West Financial ...

  4. Bessemer Trust - Wikipedia

    en.wikipedia.org/wiki/Bessemer_Trust

    The request was accepted by a judge - Bessemer Trust had been appointed in November 2020 but had not yet started its duties or received any assets or fees. [14] As of December 31, 2020, the Bessemer Trust Company had a 401(k) plan in New Jersey of $520 million. [15] As of 2021, Bessemer Trust remains a wealth management firm. [16]

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

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

    About 70 million Americans invest in 401(k)s and these retirement plans hold $6.9 trillion in assets, according to the Investment Company Institute, citing data as of September 30, 2023 . Plan ...

  6. Number of 401(k) ‘millionaires’ reaches new high - AOL

    www.aol.com/number-401-k-millionaires-reaches...

    On balance, 401(k) participants have had a good run over the past year. Especially those who have amassed a balance of at least $1 million. Number of 401(k) ‘millionaires’ reaches new high

  7. 401(k) - Wikipedia

    en.wikipedia.org/wiki/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. This pre-tax option is what makes 401(k) plans ...

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