Equitable Holdings Inc

A record 46% of U.S. retirees exited the workforce earlier than intended in 2026, intensifying pressure on the $9.9 trillion 401(k) industry to offer in-plan retirement income solutions.

Equitable Holdings and Corebridge Financial have agreed to combine in an all-stock transaction valued at approximately $22 billion. The merged entity will manage over $1.5 trillion in assets and serve more than 12 million customers.