TriNet, which provides human resources services for small and midsize companies, announced that it’s moving its 401(k) plan to Empower by the end of this year.
The plan, which has been administered by Transamerica, had $4.89 billion in assets and 273,375 participants according to the 2020 Form 5500 the company filed with the Labor Department.
TriNet said in its announcement that the move to Empower would allow it to provide more website capabilities, including Spanish translation, Saturday call center hours and Spanish-speaking representatives, and specialists to help participants with events such as divorce and hardships.
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