Equitable provides managed accounts and money stability options to its retirement plans

Complements the robust suite of financial services designed to support small and medium-sized entrepreneurs

Research shows that retirement remains a priority for business owners and their employees

NEW YORK, July 01, 2021 – (BUSINESS WIRE) – Equitable, a leading financial services company and primary franchise of Equitable Holdings, Inc. (NYSE: EQH), today announced the addition of individual managed accounts and a cash balance plan its corporate pension plans for small and medium-sized businesses. These additional services will allow business owners and their employees to further tailor their investment portfolio and shape their plans to achieve their goals.

Managed accounts provide an option for those seeking help creating retirement plan assignments, with a tailored portfolio for each plan participant based on their current age, location, contribution rate, marital status, gender, and balance, and can then be further personalized by the participant online. This allows them to be tailored much better than other Standard Qualified Investment Alternatives (QDIAs). This adjustment can be beneficial in helping retirement savers achieve their goals.

Cash plans can enable business owners to lower their tax burden, speed up retirement savings, and save more for retirement.

“Despite the fact that small businesses are facing one of the most difficult times in recent history in the face of the COVID-19 pandemic, small business owners are not giving up their dreams of financial stability and a comfortable retirement for themselves and their employees,” said Jessica Baehr, Head of Corporate Retirement, Equitable. “Expanding more customization and personalization into their 401 (k) plans, along with advice and a full suite of employee benefits solutions, is essential to helping small business owners and their employees weather uncertainty and plan their financial futures. “

A study conducted by Equitable in late 2020 showed that despite the hardship caused by the COVID-19 pandemic, small and medium-sized business owners and their employees continue to have a priority to save for retirement. While nearly 40% of small businesses reported loss of income due to the pandemic, the survey showed that only 12% have stopped or cut their pension contributions and only 2% have withdrawn money from the markets.

The story goes on

Respondents also said knowing that their future retirement is safe would be a great stress reliever. Almost 90% of small business owners want to preserve the current value of their investments and 70% want to see opportunities to increase their investments.

“Small businesses employ half of the US workforce. They are an important part of our communities and vital to our economy,” said Baehr. “With so many of these companies facing an uncertain future due to the impact of COVID-19, we strive to provide our small and medium-sized customers with the expertise, technology and intuitive solutions they need to keep their businesses running Keeping up and running and helping them and their customers employees keep planning for their financial future. “

The new managed account will be provided by Stadion Money Management, a 3 (38) participant level investment management company and trustee who has also been approved by the two institutional plan level trust partners, Wilshire and SWBC. There is no minimum account balance for plans or their participants.

Equitable supports small businesses with a robust set of strategies that can be tailored to meet the unique needs of the business owner and their employees, including employer-funded and individual life insurance, annuity insurance, dental and visual insurance plans, short and long-term disability insurance, and 401 (k) plans .

Equitable has also added growth-oriented investing and tax-privileged income planning for business owners to its offering. Earlier this year, the company integrated an innovative technology platform developed by Corporate & Endowment Solutions, Inc. (CES). The addition of CES will enable small businesses to provide tailored strategies for managing a wide range of employee benefits that are essential to attracting and retaining top talent.

About Equitable

Equitable, a primary franchise of Equitable Holdings, Inc. (NYSE: EQH), has been one of America’s leading financial services providers since 1859. With a mission to help its clients secure their financial well-being, Equitable provides advice, protection and retirement strategies to individuals, families and small businesses. Equitable has more than 8,000 employees and financial professionals from Equitable Advisors, and serves 2.8 million clients across the country. Please visit equitable.com for more information. The reference to its founding in 1859 applies specifically and exclusively to the Equitable Financial Life Insurance Company.

Stadium Money Management, LLC (“Stadium”), an independent investment advisor registered with the Securities and Exchange Commission, provides investment advice and accounting services. Stadion is not a subsidiary of Equitable Holdings, Inc. Investments are subject to risk and any Stadion investment strategy can lose money.

Corporate and Endowment Solutions (CES), including its administrative service arm CES Administration (CESA), is a division of Equitable, the brand name of the retirement and insurance subsidiaries of Equitable Holdings, Inc., including Equitable Financial Life Insurance Company (Equitable Financial) (NY , NY) and Equitable Financial Life Insurance Company of America (Equitable America), an AZ public company headquartered in Jersey City, NJ, issuers of annuity and life insurance products; and Equitable Distributors, LLC. Equitable Advisors is the brand name of Equitable Advisors, LLC (member of FINRA, SIPC) (Equitable Financial Advisors in MI & TN).

Wilshire Advisors LLC is an ERISA 3 (21) fiduciary investment advisor responsible for recommending the Glide Path Manager, GLWB providers, underlying fund products and stable value proposition to the Trustee from an investment universe selected by the Wellness Advocate for each category. SWBC Retirement Plan Services is an unaffiliated third party and a wholly owned subsidiary of SWBC founded in 1976. Advisory services are provided by SWBC Investment Advisory Services, LLC, d / b / a SWBC Retirement Plan Services, a Registered., An investment advisor with the Securities and Exchange Commission.

GE-3650087 (6/21) (from 06/23)

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Abby Aylman Cohen
Jennifer Compton

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