Equitable Introduces 401(k) PEP

Equitable introduced Equitable Retirement Access, the company’s 401(k) pooled employer plan offering. 

The Equitable Retirement Access plan includes the following providers: 

• PlanConnect LLC, an affiliate of Equitable, serves as the recordkeeper  

• Pension Plan Specialists will act as the pooled plan provider, third-party administrator and 3(16) administrative fiduciary 

• SWBC Retirement Plan Services will function as the 3(38) investment fiduciary 

• Plan Notice LLC will handle notice delivery services.  

The PEP is available through the Equitable Retirement Vision platform, an existing mutual fund-based retirement plan platform with a group fixed annuity contract issued by Equitable Financial Life Insurance Company.  

“Small businesses are an important growth engine for the U.S. economy, creating two-thirds of new jobs in recent decades. Yet, millions of these employees lack access to workplace retirement savings plans, hindering the ability of small business owners to attract and retain talent,” said Jim Kais, Head of Group Retirement at Equitable. “Our new 401(k) PEP offering makes it easier for small business owners to provide an affordable solution to help their employees build a secure financial future, while alleviating the administrative burdens of running a retirement plan.”