About This Episode

At the beginning of July, Equitable announced the addition of customized managed accounts and a cash balance plan to its group retirement plans for small-to-medium sized businesses. These additional services will allow business owners and their employees to further tailor their investment portfolios and allow business owners to lower their tax burden.

These solutions come at a critical time for small-to-medium sized business owners saving for retirement. Research conducted by Equitable showed that while almost 40% of small businesses have reported a loss of income due to COVID-19, only 12% have stopped or lowered their retirement contributions and only 2% pulled money out of the markets.

About Our Guest

Jessica Baehr is head of group retirement for Equitable and a member of its operating committee. She is responsible for the strategy, implementation and financial results for the company’s defined-contribution business, supporting the education, government and corporate markets.

Show Notes

Here is a link for more information about Equitable. Here is a link to the press release about Equitable’s managed account offering.