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- Empower Retirement this morning announced the acquisition of a sizable portion of the retirement plans business of Fifth Third Bank. The announcement comes less than a month after Empower revealed its acquisition of the MassMutual retirement business.
www.planadviser.com/empower-continues-2020-acquisitions-fifth-third-deal/
People also ask
Does empower own Fifth Third Bank?
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Sep 29, 2020 · Under the agreement, Empower will acquire 476 retirement plans, providing recordkeeping and administrative services. Fifth Third will continue to serve in a plan-level investment advisory capacity for most of the plans with a continued focus on providing independent fiduciary advisory services.
Jan 6, 2021 · On Sept. 29, 2020, Empower announced that it was acquiring Fifth Third Bank, National Association’s retirement plans, providing recordkeeping and administrative services. About Empower Retirement
Sep 29, 2020 · Empower Retirement has inked a deal with Fifth Third to acquire its record-keeping business in a move to expand retirement plan services for the bank, the companies announced Tuesday.
On September 29, 2020, Empower announced that it would acquire the retirement plan recordkeeping business of Fifth Third Bank. [ 16 ] February 1, 2022, "Empower" replaced "Empower Retirement" as the company's public-facing brand name.
Sep 29, 2020 · Empower currently provides recordkeeping services for Fifth Third’s retirement business through its private-label retirement plan unit, Empower Institutional. Because of this existing...
Sep 29, 2020 · Empower Retirement agreed to acquire Fifth Third Bank’s record-keeping business, Empower spokesman Stephen Gawlik confirmed Tuesday in an email. Terms of the agreement were not disclosed.
Sep 29, 2020 · The Greenwood Village-based retirement services provider is acquiring Fifth Third Bank’s retirement business. Financial details of the acquisition were not disclosed. Under the agreement,...
