11.06.25

Corebridge Prepares for 401(k) Asset Recapture

by: Allison Bell

Corebridge Financial is focusing on expanding its “rollover recapture” efforts, an emerging strategy to retain assets leaving 401(k) and other defined contribution plans. During its third-quarter earnings call, CEO Kevin Hogan said the company has been increasing its advisor headcount to better serve both current plan participants and those transitioning their assets after leaving employer plans. Corebridge currently supports $29 billion in “out-of-plan” assets, and Hogan expects this number to grow as participants age and retire. While the company has not disclosed its exact recapture rate, Hogan described the initiative as a “very successful part” of Corebridge’s business model.

Read the full article on Think Advisor