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On May 31, 2007, the company announced that it would be acquired by Wachovia Corporation in a $6.8 billion deal. [6] On September 28, 2007, the company's shareholders voted in favor of the merger with Wachovia. The acquisition closed on October 1, 2007, and A.G. Edwards became a wholly owned subsidiary of Wachovia Corporation. [7]
Wachovia was a diversified financial services company based in Charlotte, North Carolina.Before its acquisition by Wells Fargo and Company in 2008, Wachovia was the fourth-largest bank holding company in the United States, based on total assets. [3]
The average 401(k) balance for five million Vanguard participants was $134,128 across all age groups in 2023, ... Dig deeper: How to plan your retirement withdrawal strategy.
If you need cash for an emergency or to pay down debt, your 401(k) plan may allow you to take out a loan and borrow up to 50 percent of your vested balance, but not more than $50,000.
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 ...
• Explains all the wonderful benefits available to you as part of your plan. • Shows you which benefits you have yet to take advantage of, and lets you activate them directly from the email simply by clicking the individual benefit icon.