DUBLIN, Calif., Jan. 20, 2022 /PRNewswire/ -- TriNet (NYSE:
TNET), a leading provider of comprehensive human resources for
small and medium-size businesses (SMBs), today announced the
transition of the TriNet 401(k) Plan provider to Empower by the end
of 2022.
The TriNet 401(k) Plan is a multiple-employer plan that TriNet
clients may adopt for their eligible employees. Empower is
a leading retirement plan provider with over
$1.1 trillion in retirement plan
assets under administration.
"It's never too early, or too late, for employees to invest in
the future. With Empower as the TriNet 401(k) provider, we believe
the personalized service model and intuitive platform will make it
easy for TriNet 401(k) Plan participants to invest in their
financial future," said Alex Warren,
TriNet's Senior Vice President, Customer Experience. "This
transition exemplifies TriNet's mission to power the success of
small and medium-size businesses by supporting and enabling their
people," continued Warren.
Saving for retirement is an important and personal decision. The
relationship with Empower aims to support TriNet's plan
participants through the retirement planning process with advice,
guidance and support.
By the end of 2022, features of the TriNet 401(k) Plan with
Empower will include:
- Expanded website capabilities
- Saturday participant call center hours
- Participant website with one-click Spanish translation
capabilities
- A designated team of Spanish-speaking service center
representatives
- Specialists available to assist with life events, including
divorce, hardships, survivor support and financial wellness
"Empower will deliver a robust, state-of-the-art savings
experience for TriNet clients and plan participants to help improve
preparedness for retirement," said Empower President and CEO
Edmund F. Murphy III. "We know that
TriNet clients will find our financial wellness and advice
offerings of great value and we look forward to serving this team
of professionals who deserve a world class retirement benefit."
About TriNet
TriNet (NYSE: TNET) provides small and medium size businesses
(SMBs) with full-service HR solutions tailored by industry. To free
SMBs from HR complexities, TriNet offers access to human capital
expertise, benefits, risk mitigation and compliance, payroll and
real-time technology. From Main Street to Wall Street, TriNet
empowers SMBs to focus on what matters most—growing their business.
TriNet, incredible starts here. For more information,
visit TriNet.com or follow us on Twitter.
Contacts:
Investors:
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Media:
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Scott
Smith
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Renee Brotherton/Josh
Gross
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TriNet
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TriNet
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Scott.Smith@TriNet.com
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Renee.Brotherton@TriNet.com
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(510)
875-7201
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Josh.Gross@TriNet.com
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(408) 646-5103/ (347)
432-8300
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SOURCE TriNet Group, Inc.