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Bartholomew Consolidated School Corporation Selects Equitable as Sole Retirement Plan Provider
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Equitable Holdings Inc. (NYSE: EQH) has been selected as the sole provider for the 403(b) and 401(a) retirement plans for Bartholomew Consolidated School Corporation in Columbus, Indiana, following a competitive bidding process. The firm will manage over $71 million in plan assets for more than 822 educators across 19 schools. This partnership aims to enhance financial security for educators by offering personalized advice and an integrated technology platform. Equitable is recognized as the leading provider of 403(b) plans in the K-12 market.
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Selected as sole provider for retirement plans by Bartholomew Consolidated School Corporation.
Will manage over $71 million in assets for more than 822 educators.
Partnership enhances financial security for educators with personalized advice.
Equitable recognized as leading provider in K-12 market for 403(b) plans.
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NEW YORK--(BUSINESS WIRE)--
Bartholomew Consolidated School Corporation in Columbus, Ind. has selected Equitable, a leading financial services organization and principal franchise of Equitable Holdings Inc. (NYSE: EQH), as the sole provider of its 403(b) and 401(a) supplemental retirement plans after a competitive bidding process.
As the sole provider, 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 through the pandemic as other aspects of their personal and professional lives begin to enter a new normalcy,” said Jessica Baehr, Head of Group Retirement at Equitable. “By working with Bartholomew Consolidated School Corporation to provide educators with personalized advice in the way that they prefer – both in-person and virtually – along with digital tools and service, we can help them focus on their financial well-being and plan for their retirement with confidence.”
A defining feature of Equitable’s service to 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 Equitable Advisors’ licensed and trained financial professionals in the company’s Retirement Benefits Group, dedicated to serving the unique retirement savings needs of K-12 educators.
“We put a great focus on the financial security of our educators. Equitable 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 offering enhanced opportunities for education and support, we believe we can best help our team reach their retirement goals.”
Equitable’s expanded relationship with Bartholomew Consolidated School Corporation follows nearby Metropolitan School District in Lawrence Township, Ind. selecting Equitable as the sole provider of its 403(b), 457 and 401(a) supplemental retirement plans. Metropolitan School District has more than $100 million in assets and 1,600 participants across its 403(b), 401(a), and 457 plans.
With an established track record of innovation and experience in the retirement plan market, Equitable is the leading provider of 403(b) retirement plans in the K-12 market based on contributions, participants and assets under management.i
About Equitable
Equitable, a principal franchise of Equitable Holdings, Inc. (NYSE: EQH), has been one of America’s leading financial services providers since 1859. With the mission to help 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 Equitable Advisors financial professionals and serves 2.8 million clients across the country. Please visit equitable.com for more information.
Reference to the 1859 founding and reference to “Equitable” as a 403(b) and 401(a) provide apply specifically and exclusively to Equitable Financial Life Insurance Company. Equitable is the brand name of the retirement and protection subsidiaries of Equitable Holdings, Inc., including Equitable Financial Life Insurance Company (NY, NY), Equitable Financial Life Insurance Company of America, an AZ stock company with main administrative headquarters in Jersey City, NJ, and Equitable Distributors, LLC. Equitable Advisors is the brand name of Equitable Advisors, LLC (member 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 “Not-for-Profit Retirement 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.
What is the significance of Equitable's partnership with Bartholomew Consolidated School Corporation?
Equitable has been chosen as the sole provider for retirement plans, managing over $71 million in assets, which highlights its leading position in the K-12 retirement market.
How many educators will Equitable serve in the Bartholomew Consolidated School Corporation?
Equitable will serve more than 822 educators in 19 schools.
What retirement plans will Equitable manage for the school corporation?
Equitable will manage the 403(b) and 401(a) supplemental retirement plans.
What technology will Equitable provide to the educators?
Equitable will offer an interactive, intuitive technology platform for educators to easily manage their retirement accounts.
What is Equitable's market position in the K-12 retirement plans sector?
Equitable is recognized as the leading provider of 403(b) retirement plans based on contributions, participants, and assets under management.
