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3M announced that it would freeze pensions for non-unionized employees and shift to a 401(k) retirement plan in 2028. 3M announced that it would freeze pensions for non-unionized employees and ...
Alight was formed in May 2017 after the acquisition of the benefits outsourcing department of Aon Hewitt by private equity funds affiliated with Blackstone Group L.P. [3] [4] It is headquartered in Chicago, Illinois. [5] [6] In August 2024, Dave Guilmette was hired as a new CEO of the company. [7]
A 2006 law designed to increase retirement savings allowed companies to auto-enroll employees in 401(k) plans. ... Multiple 401(k) plan administrators -- Aon Hewitt ...
Teacher Retirement System of Texas: $146,326 $146,326 79.7% 8.0% 7 New York State Teachers: $115,637 $115,637 94.2% 7.5% 8 State of Wisconsin Investment Board: $109,960 $105,155 N/A N/A 9 North Carolina Retirement: $106,946 $96,094 88.3% 7.3% 10 Washington State Investment Board: $104,260 $86,615 85.5% 7.7% 11 Ohio Public Employees Retirement ...
The average 401(k) balance for five million Vanguard participants was $134,128 across all age groups in 2023, ... for a solid road to a comfortable retirement. Average 401(k) balance by age ...
Pension administration in the United States is the act of performing various types of yearly service on an organizational retirement plan, such as a 401(k), profit sharing plan, defined benefit plan, or cash balance plan. Increasingly, employers are also implementing these plan types in combination arrangements for greater contribution ...