Friday, December 22, 2006
Nationwide Financial Reaches Agreement to Sell The 401(k) Company to Charles Schwab
Nationwide Financial Services, Inc. today announced an agreement to sell The 401(k) Company, Inc. to The Charles Schwab Corporation for $115 million in cash, subject to a post-closing adjustment. The 401(k) Company, based in Austin, Texas, provides defined contribution plan administrative and record-keeping services to employers in the large-case market. As of Sept. 30, 2006, The 401(k) Company administered assets totaling approximately $21.7 billion for 100 companies with 400,000 participants.
Nationwide Financial Reaches Agreement to Sell The 401(k) Company to Charles Schwab
Source: PR Newswire
Nationwide Financial Reaches Agreement to Sell The 401(k) Company to Charles Schwab
Source: PR Newswire
Permalink posted by armandn @ 9:06 AM 
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