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In 2017 Fortune named New York Life among its Most Admired Companies in the life insurance industry. Forbes ranked New York Life #364 among America's Best Employers for 2017. As of 2023, New York Life ranks No. 71 on the Fortune 500.
New York - New York State and Local Retirement System, New York State Local Police and Fire Retirement System, New York State Teachers' Retirement System North Carolina - North Carolina Retirement Systems (NCRS) , see external North Carolina Department of State Treasurer (NCDST)
Defined benefit (DB) pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum, or combination thereof on retirement that depends on an employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns.
In 2019, Principal purchased Wells Fargo's institutional retirement and trust business (including 401k, pension, executive deferred compensation, employee stock ownership plans and asset advice business) for $1.2 billion.
The 401 (k) contribution limits in 2023 have increased for employees to $22,500. The 2022 limit was $20,500. Employees age 50 and over can make an additional, catch-up contribution of...
401 (k) Match and Annual Limits. Employees under age 50 may contribute up to $22,500 to their 401 (k) in 2023, and employees aged 50 and older can add an extra $7,500 catch-up contribution. A ...