Equitable Launches Small Business 401(k) Program

Retirement Gateway for Small Business seeks to serve small and startup 401(k) plans by easing demand on plan administrators in several areas.



Equitable, the financial services organization and principal franchise of Equitable Holdings, Inc., has launched a new 401(k) program for small businesses, including those with startup plans and plans with account values of up to $500,000.

Retirement Gateway for Small Business, as the program is named, seeks to bring a simplified onboarding and administrative experience to the micro 401(k) market. Connecting plan sponsors and advisers to a third-party administrator, who can assist with plan design, implementation and ongoing administration, will help cut the time spent on getting plans up and running, a company press release says.

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All new Equitable 401(k) clients with plan account values of up to $500,000 have access to Retirement Gateway for Small Business. The program offers packages of services—some of which are made available through partnerships with unaffiliated third-party providers—to help ease demands on plan administrators and improve participant outcomes. These services include:

  • 3(16) administrative fiduciary: Compass Retirement Consulting Group, Inc., a retirement plan consulting firm, will serve as plans’ TPA and 3(16) administrative fiduciary for the Retirement Gateway for Small Business program;
  • 3(38) investment fiduciary;
  • Auto-enrollment; 
  • Stadion managed accounts as the qualified default investment alternative; and
  • 360-degree payroll integration.

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