Equitable Launches 403(b) Pooled Employer Plan for Nonprofits

New offering aims to help small and medium-sized nonprofits provide retirement benefits to employees.

Apr. 9, 2026 at 2:40pm

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A photorealistic studio still life featuring a stack of financial documents, a pen, and a calculator on a clean, white background, symbolizing the abstract concepts of corporate strategy, finance, and retirement planning.A conceptual image representing the new 403(b) pooled retirement plan offering from Equitable, designed to help nonprofits provide their employees with accessible and comprehensive retirement benefits.NYC Today

Equitable, a leading financial services company, has announced the launch of a new 403(b) Pooled Employer Plan (PEP) designed specifically to support small and medium-sized nonprofit organizations. The 403(b) PEP allows multiple nonprofits to pool their resources and offer a high-quality retirement plan to their employees, providing access to institutional-level investment options and professional plan management.

Why it matters

This new 403(b) PEP from Equitable addresses a critical need for many nonprofits, which often struggle to offer robust retirement benefits due to limited resources and administrative complexities. By pooling together, these organizations can provide their employees with a more comprehensive retirement savings program, helping to attract and retain top talent in the nonprofit sector.

The details

The 403(b) PEP from Equitable features a range of investment options, including target-date funds, index funds, and actively managed funds. Nonprofits that join the PEP will also have access to professional plan administration, compliance support, and fiduciary oversight, relieving them of many of the administrative burdens associated with managing a retirement plan.

  • Equitable announced the launch of the 403(b) PEP on April 9, 2026.

The players

Equitable

A leading financial services company that provides a range of insurance, annuity, and investment products and services.

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What they’re saying

“We're excited to offer this new 403(b) PEP solution to help nonprofits provide their employees with a high-quality retirement plan. By pooling resources, these organizations can access institutional-level benefits and services that would otherwise be out of reach.”

— Nick Lane, Head of Retirement at Equitable

What’s next

Equitable plans to actively promote the 403(b) PEP to nonprofit organizations across the country, highlighting the benefits of pooled retirement plan resources and professional plan management.

The takeaway

This new 403(b) PEP from Equitable represents a significant step forward in helping small and medium-sized nonprofits provide their employees with a more robust and accessible retirement savings program, which can be a crucial factor in attracting and retaining top talent in the nonprofit sector.