Baltimore City Public Schools selected Corebridge Financial, Inc. as the sole provider for its supplemental retirement savings plans. By consolidating from 12 providers to Corebridge exclusively, City Schools is able to reduce fees for its PK-12 workforce, enabling participants to keep more of their investment returns and help improve their long-term financial outcomes. Corebridge, which has worked with City Schools for four decades as one of multiple providers, will now serve as the sole provider of the school system?s 403(b) and 457(b) retirement plans, covering approximately 10,000 participants and overseeing roughly $500 million in plan assets.

Following an extensive competitive review, Corebridge emerged as the provider of choice, offering participants lower fees, no surrender fees, expanded investment options, personalized support from financial professionals, and simplified experiences, communications and account management.