It took me 10 months to transfer my retirement away from Equitable. Their process to do so is overly challenging by design, and I'm sure many give up along the way, which I think is the point. I kept going, talked to a dozen people at my 3rd party admin, and finally got my money away from them. Their fees are the highest in the industry at 1.75 for the S&P 500 index and 2.5 for their target date fund. To move my money to another company, I was charged a $1,231 withdrawal fee, an administrative charge and an admin fee. Thieves. I chose all my own investments and my advisor did nothing. My Equitable account was zeroed out over two weeks ago, but my new company has yet to receive the funds. Just another way they will do anything to keep your money for longer and make a profit. You do not matter to them. Stay away as if your future depends on it. Because it does.
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