NEW YORK, December 01, 2021– (COMMERCIAL THREAD) – Bartholomew Consolidated School Corporation in Columbus, Ind. selected Fair, a leading financial services organization and primary franchise of Equitable Investments Inc. (NYSE: EQH), as the sole provider of its 403 (b) and 401 (a) supplemental pension plans after a competitive bidding process.
As a single source, Equitable will serve more than 822 educators in 19 schools and manage plan assets of more than $ 71 million as of August 30, 2021.
“Public school educators are still navigating many complexities of teaching during the pandemic as other aspects of their personal and professional lives begin to enter a new normal,” said Jessica Baehr, head of collective retirement. at Equitable. “By working with Bartholomew Consolidated School Corporation to provide educators with personalized advice the way they prefer – both in person and virtually – as well as digital tools and services, we can help them focus on their own good. -be financial and plan for retirement with confidence. “
A defining feature of Equitable’s service at the Bartholomew Consolidated School District will include access to an interactive, intuitive and integrated technology platform to allow employees to easily view and manage their accounts. Educators will also have access to advice and guidance from licensed and trained finance professionals from Equitable Advisors in the company’s Retirement Benefits group, dedicated to meeting the unique retirement savings needs of educators across the country. kindergarten to grade 12.
“We place great importance on the financial security of our educators. Equitable has provided us with accessible, employee-focused advice and support that will help our educators throughout their retirement planning, ”said Chad Phillips, Assistant Superintendent, Financial Services, Bartholomew Consolidated School Corporation. . “By consolidating our retirement plans with a single provider and providing better education and support opportunities, we believe we can better help our team achieve their retirement goals.”
Equitable’s expanded relationship with the Bartholomew Consolidated School Corporation follows the neighboring metropolitan school district of Lawrence Township, Indiana, selecting Equitable as the sole provider of its 403 (b), 457 and 401 (a) supplemental pension plans. The Metropolitan School District has over $ 100 million in assets and 1,600 participants in its 403 (b), 401 (a) and 457 plans.
With a proven track record of innovation and experience in the pension market, Equitable is the leading provider of 403 (b) pension plans in the K-12 market based on contributions, members and assets under management. .I
Equitable, a primary franchise of Equitable Holdings, Inc. (NYSE: EQH), has been a leading provider of financial services in the United States since 1859. With a mission to help clients achieve their financial well-being, Equitable provides advice, protection and retirement strategies to individuals, families and small businesses. Equitable has more than 8,000 Equitable Advisors employees and finance professionals and serves 2.8 million clients across the country. Please visit equitable.com for more information.
The reference to the founding of 1859 and the reference to “Equitable” in clauses 403 (b) and 401 (a) apply specifically and exclusively to Equitable Financial Life Insurance Company. Equitable is the brand name of the pension and protection subsidiaries of Equitable Holdings, Inc., including Equitable Financial Life Insurance Company (NY, NY), Equitable Financial Life Insurance Company of America, an AZ corporation headquartered principal administration is located in Jersey City, NJ and Equitable Distributors, LLC. Equitable Advisors is the brand name of Equitable Advisors, LLC (member of FINRA, SIPC) (Equitable Financial Advisors in MI and TN). Retirement Benefits Group is a specialized division of Equitable Advisors, LLC (Equitable Financial Advisors in MI & TN). GE-3886607.1 (10/21) (exp.10.23)
I See LIMRA’s “Non-Profit Pension Market Report, Q1 2021”. Equitable Life was ranked as the largest provider in a survey of 15 companies based on K-12 403 (b) contributions, assets under management and participants.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211201005648/en/
Abby Aylman Cohen