Withdrawal Processing - Empower Retirement
loan from their retirement account, if disbursement spousal consent is required. Vesting A plan’s vesting rules determine the portion of each money source that a participant is entitled to and can be used to fund the withdrawal.
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Hardship withdrawal processing - Empower Retirement
www.empower.com• Reviews hardship request and supporting documentation to determine if the request meets the plan’s hardship requirements under Safe Harbor hardship guidelines. • Works with the participant to collect missing or additional information. • Returns incomplete request to the participant with an explanation why the hardship cannot be ...
The Wells Fargo & Company 401(k) Plan
www.empower.comThe Wells Fargo & Company 401(k) Plan is transitioning to a new recordkeeper and trustee ... well-balanced and diversified investment portfolio, taking into account all your assets, income and investments. You should be aware that there is a risk to holding substantial
QDRO Processing - Empower Retirement
www.empower.comQDRO Processing O V E R V I E W A Qualified Domestic Relations Order (QDRO) is a judicial order that meets the requirements under ERISA to allow the Plan Administrator to divide a participant’s retirement plan assets as a result of divorce or legal separation.
401(k) Savings Plan - Empower Retirement
www.empower.comYou can access the 401(k) Savings Plan Web Center from work or from home via . My Rewards: • From work: My Rewards. from the intranet • From home: myrewards.jpmorganchase.com To contact the 401(k) Savings Plan Call Center: Call 1-866-JPMC401k (1-866-576-2401), or 1-303-737-7204 if calling from outside the United States. (The TTY number is
401 (k) Savings Plan Enrollment Guide - Empower Retirement
www.empower.comJPMorgan Chase 401(k) Savings Plan Enrollment uide. Section 2: Saving begins . automatically. JPMorgan Chase is here to help make enrolling in the Plan and saving for your retirement as easy as possible. Unless you enroll on your own, you will be automatically enrolled in the Plan at the end of your 31-day grace period.
Wells Fargo & Company 401(k) Plan recordkeeper and …
www.empower.comOn July 1, 2019, Principal Financial Group acquired Wells Fargo Bank’s Institutional Retirement and Trust (IRT) business, which provides certain administrative services to assist Wells Fargo Bank N.A., which is the current recordkeeper and trustee for the 401(k) Plan. The Plan Administrator conducted
A new approach to administrative fees
www.empower.comsuch as recordkeeping, accounting, and plan maintenance. Investment management fees are charged by the fund managers for the Plans’ investment options to cover th e costs of managing their respective funds and other operating costs. Plan administration fees are currently paid in two ways – a flat monthly fee per plan reflected as a $1 per month
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