Tag: 401(k) Plans
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Colorado’s retirement plan gets ‘powerhouse’ financial services companies
The Colorado State Treasurer named the two financial services firms that will manage the state’s new retirement savings program called Colorado SecureSavings. BlackRock will handle the global equity portion of the program, while State Street Global Advisors will administer the money market, target date and fixed income asset classes, according to Treasurer spokeswoman Sheena Kadi…
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Survey: More than half of Americans cutting expenses
More than half of Americans, 52%, have cut back on daily expenses and 44% are delaying large purchases because of inflation, according to a survey released by Greenwood Village-based Empower, formerly Empower Retirement. With inflation hitting a new high Wednesday, 9.1%, the July Empower survey shows how spending and savings habits have changed — sometimes…
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Empower Retirement looking for 325 workers
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save Greenwood Village-based Empower Retirement looks to hire 325 workers before the year is out, the company announced this week. The company’s “retirement solutions group” is looking to grow with both “entry-level and seasoned pros.” Another…
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Empower Retirement to buy Prudential’s retirement plans
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save Greenwood Village-based Empower Retirement announced Wednesday a $3.55 billion deal to buy Prudential Financial Inc.’s full-service retirement business. Terms call for Empower to acquire Prudential’s (NYSE: PRU) retirement plan record-keeping and administration business, which includes 4,300 workplace savings plans with about 4 million participants with…
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Fidelity Investments dropping payroll/HR services
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save Fidelity Investments officials confirmed Tuesday it’s halting offering payroll/HR services to employers as part of its workplace investing platform that serves more than 24,000 companies nationwide, including many in Colorado. Fidelity has operations in Greenwood Village, and more than 1,000 Colorado employees. Many Colorado companies…