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Old Dominion Freight Line, Inc. traces its origins to 1934 when husband and wife Earl Congdon Sr. and Lillian Congdon (née Herbert) founded the company with a single straight truck running between Richmond and Norfolk, Virginia. [7] [8] The name is a reference to a common nickname for the Commonwealth of Virginia, the "Old Dominion." [9]
As of August 2020, the company managed $291 billion in assets for more than 1.3 million clients, mostly in 401(k) plans. In March 2021, Edelman Financial Engines announced that Warburg Pincus would be taking a minority stake in the company. The transaction represented a valuation of $7.3 billion, a 62% increase in the company's value since its ...
Rating. Fitch: AA (2020) Moody's: Aa3 (2020) S&P: AA (2020) AM Best: A+ (2020) Website. empower .com. Empower is a retirement plan recordkeeping financial holding company based in Greenwood Village, Colorado, United States. [7] It is the second-largest retirement plan provider in the United States.
Alamy 401(k) plans are a retirement investing staple. But they've drawn criticism from many corners, from an Economic Policy Institute study that showed how 401(k)s have raised the level of ...
Alamy For many workers, 401(k) plans offer a great way to set aside money for retirement, with huge advantages like tax-deferred growth and immediate income-tax savings for contributions. But the ...
401(k) 403(b) - Similar to the 401(k), but for educational, religious, public healthcare, or non-profit workers; 401(a) and 457 plans - For employees of state and local governments and certain tax-exempt entities; Roth IRA - Similar to the IRA, but funded with after-tax dollars, with distributions being tax-free
A 401(k) loan is a good option as long as you are confident you’ll be able to repay the loan. Some 401(k) plans let you borrow up to $50,000 or 50% of your vested account balance, whichever is less.
Fidelity Investments says the average balance for 401k retirement funds has jumped to a record high of nearly $81,000 dollars in the first quarter.