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  2. Principal Financial Group - Wikipedia

    en.wikipedia.org/wiki/Principal_Financial_Group

    He is designated to lobby the Executive Branch of the Government of Iowa. [7] 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.

  3. Target date fund - Wikipedia

    en.wikipedia.org/wiki/Target_date_fund

    stylized glide path of a target date fund, shifting investments to become more conservative over time. A target date fund (TDF), also known as a lifecycle fund, dynamic-risk fund, or age-based fund, is a collective investment scheme, often a mutual fund or a collective trust fund, designed to provide a simple investment solution through a portfolio whose asset allocation mix becomes more ...

  4. Thrift Savings Plan - Wikipedia

    en.wikipedia.org/wiki/Thrift_Savings_Plan

    Federal Employees Retirement System (FERS) employees hired on or after October 1, 2020 are automatically enrolled upon hire, and 5% of base pay is automatically withheld unless the employee elects not to participate. Those hired between August 1, 2010 and September 30, 2020 (inclusive) were automatically enrolled upon hire with 3% of base pay ...

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

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

    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.

  6. Wells Fargo's 401(k) practices being examined by Labor ... - AOL

    www.aol.com/news/wells-fargos-401-k-practices...

    The Labor Department is examining whether Wells Fargo & Co pushed participants in low-cost corporate 401 plans to roll their holdings into more expensive individual retirement accounts at the bank ...

  7. Since 57.2% of employees nearing retirement contribute to a 401(k), according to the same EBI report, it could mean not as many take advantage of the catch-up contribution anyway.

  8. Stable value fund - Wikipedia

    en.wikipedia.org/wiki/Stable_value_fund

    A stable value fund is a type of investment available in 401(k) plans and other defined contribution plans as well as some 529 or tuition assistance plans. [1] Stable value funds are often made available in these plans under a name that intends to describe the nature of the fund (such as capital preservation fund, fixed-interest fund, capital accumulation fund, principal protection fund ...

  9. 401(k) match: What is it and how does it work? - AOL

    www.aol.com/finance/401-k-match-does-133158768.html

    A 401(k) match is typically subject to vesting requirements, meaning this money does not become fully the employee's until after some period of time. How 401(k) matching works

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