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Solidify your financial future with a retirement savings plan
A little can go a long way when planning for retirement. Every bit counts and can help you reach your financial goals. That's why it's important to ensure that you have enough savings because your pension or Social Security may not suffice. Our retirement savings plans are designed to help you confidently build a secure future.
A retirement savings plan can work for you
Employers offer different retirement savings plans. Some offer matched contributions and automatic payroll deductions, which make it easier to save for retirement. If your company offers a retirement plan through Equitable, learn more and enroll below.
2025 IRS contribution limit increases
Starting in 2025, plan participants can contribute up to $23,500, a $500 increase from the previous year. Learn more about other key 2025 IRS benefits and contribution limits.
Retirement savings plan resources
Retirement savings plan FAQS
A retirement savings plan can help enable you to confidently transition into retirement, providing you with income you need to maintain the lifestyle you choose.
You should begin your retirement planning as early as possible, starting with your first paycheck. The earlier you begin saving, the more time your money has the opportunity to grow. In some instances, your employer may also match your pre-tax contribution.
The difference between a traditional and Roth savings plan is in how the money is taxed.
- With a traditional account, such as a 401(k), 403(b) or 457(b) plan, contributions are made before taxes are deducted from your paycheck. This reduces your current taxable income, providing immediate tax savings. However, you will pay taxes on these funds (and their earnings) when you withdraw them in retirement.
- With a Roth account, contributions are made with after-tax dollars, meaning you pay taxes upfront. The advantage is that both your contributions and their earnings can be withdrawn tax-free in retirement, provided certain conditions are met.
Not all employers offer both traditional and Roth contributions for retirement savings plans. It depends on the specific retirement plan options provided by the employer. It's essential to check with your employer to understand your available options.
Switching jobs can impact your retirement planning, but there are several options to ensure your savings continue to grow:
- Rollover to your new employer's plan: If your new employer offers a retirement savings plan, you might be able to transfer your old plan into the new one. Consolidating your retirement savings plans in one place is a great way to easily stay on top of your retirement savings, making it easier to manage wholistically.
- Leave your plan with your old employer: while it may seem easy in the short term to leave old retirement savings plans where they are, it can be challenging to keep track of multiple accounts over time. It’s important to check in on your savings plans regularly to ensure that your investment allocations remain aligned with your goals.
By carefully considering these options, you can maintain the growth and benefits of your retirement savings.
Let's take the next step
Ready to start saving?
Enroll in a retirement savings plan for 401(k), 403(b) and 457(b).
Need more information?
Talk to your benefits administrator for information on the plans they offer.
Need help with 401(k), 403(b), 457(b) Retirement Savings Plan?
Call (800) 628-6673
1 LIMRA, Not-for-Profit Survey, Q2 2024 Results, based on 403(b) plan participants and contributions. Survey results include Equitable Financial Life Insurance Company (Equitable Financial) and Equitable Financial Life Insurance Company of America (Equitable America) issued plans.
2 This applies specifically and exclusively to Equitable Financial Life Insurance Company (Equitable Financial).
*The use of the terms of “financial advisor” or “advisor” for purposes of the survey questions and responses by both the consumers and the financial advisors queried does not necessarily imply that the individual is a registered investment adviser (RIA). The use of these two terms is meant in a general sense of the word or phrase to describe working with an investment advisor, a licensed insurance agent or other financial professionals who may sell annuity products.
Products funding group retirement plans are issued by Equitable Financial Life Insurance Company (Equitable Financial) (NY, NY) or by Equitable Financial Life Insurance Company of America (Equitable America), an AZ stock company with an administrative office in Charlotte, NC. Equitable Financial, Equitable America and Equitable Advisors, LLC are affiliated companies and do not provide tax or legal advice. Equitable Financial, Equitable America, Equitable Advisors and its associates are not affiliated with any school district, state agency or pension plan.
GE-6964812.1 (09/2024) (Exp. 09/2026)