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Empower wins Apple's $3.5-billion 401(k) account from Schwab

Bob Reynolds delivers quick response to the question of whether a branded company will swallow his new brand

Author Lisa Shider November 14, 2014 at 8:08 PM
2 Comments
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Bob Reynolds got his first bite at the Apple.

401(k) Stories


Ariel Germaine Cassone

Ariel Germaine Cassone

January 15, 2016 — 3:13 AM

This company has actively refused to pay me my funds being held with them. It has been one clerical error to another for weeks…and to my great detriment. They appear to be incompetent and have no regard for those who have entrusted their money to them, all be it involuntarily. This is indicative of Apple’s slow turn from its founding principles at the the very least, but highly indicative of greater financial institutions as a whole being permitted to abuse and disregard their customers.

Ilana Figlin

Ilana Figlin

September 24, 2023 — 1:52 AM
There are changes on the horizon, for Apple's 401k recordkeeping.

Related Moves

April 2, 2024 at 1:28 AM

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At her hire, analysts were adamant the head of Fidelity retail had 'big shoes to fill' to replace legendary Kathleen Murphy and her task of 'digitiizing' retail was no small ask

December 16, 2023 at 2:22 AM

Biz Briefs: The sorry scene at my local First Republic branch • Schwab launches new (smaller) lay-off round • Schwab hoovers pennies passing FINRA fee to clients • Gensler pleas for funds • Fidelity owner's private equity pres. retires • an Orion-Envestnet staff switcheroo • LPL dumps FutureAdvisor

Range Rovers screeched in and drivers joined a grim queue to get their cash, and cookie • The Schwab-TDA deal cull count now stands at roughly 3.5% of its staff • FMR's hockey star president has stepped down • SEC chief wants more enforcers • An Envestnet executive proves joining a rival is good business • LPL now has an in-house robot.

April 29, 2023 at 1:36 AM

Fidelity will hire 4,000 staff in first half -- a staggering number but a tapering off from 'unprecedented' rate in 2021-2022 that catapulted it to 68,000 employees

The $10.3 trillion giant explains its hiring -- in a layoff environment -- as an RIA-like goal, namely having the human bandwidth to develop 'lifetime' relationships with its 40 million investors

February 17, 2023 at 2:49 AM

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