03.27.24
Empower To Launch Startup 401(k) Plan Solution
by: Alex Ortolani
Empower announced a new push into startup 401(k) plans with a digital 401(k) solution for plan sponsors. Set to launch midyear, the 401(k) plan will give advisors and third-party administrators a new way to set up an employer retirement plan with “reduced complexity and cost while streamlining administrative duties,” according to the company. The platform includes investment advisory services through a third-party ERISA fiduciary and is designed to create an “on-demand proposal and complete plan setup,” giving a plan sponsor “financial wellness and education programs that Empower provides to some of the nation’s largest corporate, non-profit and governmental plans,” the firm said.
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