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PLAN SPONSOR SERVICES
With 75 years’ experience serving tens of thousands of plan sponsors and millions of participants, AXA has the expertise and retirement plan solutions that can make the choice a simple one. And our statistics are compelling – over 29,000 retirement plans; over 847,000 plan participants; and $25.1 billion in retirement plan assets under management.1 But it’s not just our numbers. It’s about our approach to providing employers with the kind of focus and service that makes offering retirement benefits as smooth and low-maintenance as possible.
When it’s time to put your retirement plan into action, you’ll have our full support and partnership. Whether you choose AXA as your sole plan provider or are integrating us into a multi-provider environment, our experienced teams will work closely with you to help determine a plan design, investment lineup and features that best fit your organization and your employee needs. It all adds up to a seamless plan implementation that can help minimize costs and administrative time, while letting you introduce your employees to outstanding retirement benefits quickly and efficiently.
Our approach to providing retirement benefits is simple - a dedicated focus and unsurpassed service that makes offering retirement benefits as smooth, simple and as low-maintenance as possible. Making sure your employees are fully engaged with your retirement plan is one of our top priorities. That’s why we offer full support from highly trained, dedicated financial professionals who provide in-person assistance to help each individual understand how and why they should participate in your plan.
You will have unlimited access to our full administrative support services, including plan documents and updates as well as contribution statements, plan reports and summary annual statements. And our comprehensive technology solutions make it easier to manage your administrative role. But whenever you need it, you can count on receiving personal service from a local financial professional who is dedicated to meeting your needs.
Our comprehensive employee communication and education programs are designed to truly engage your employees, and give them the insight and confidence they need to invest in their future.
Your employees will benefit from personalized investment education services delivered by highly trained financial professionals. In addition, we offer one-on-one assistance to new, existing, retiring or terminating employees along with comprehensive annual reviews, contribution monitoring, risk profile analysis and investment strategy suggestions.
In retirement planning, there’s no such thing as one-size-fits-all. That’s why we offer a broad array of investment options, including a diverse lineup of portfolios across all major asset classes from some of the industry’s top fund managers.
Guaranteed income for life - Personal Income Benefit
An optional guaranteed withdrawal benefit can provide lifetime income payments to your employees. This benefit is available for an additional fee and guarantees a steady stream of withdrawals that will continue throughout retirement, regardless of market volatility, inflation, or even how long your employees live.2Learn more about Personal Income Benefit for EQUI-VEST and Retirement Gateway.
An optional service for clients that allows them the opportunity to utilize a professional money manager to oversee their investments to choose a diversified portfolio that is continuously monitored, based upon their goals, risk, age, contribution level and the changing economy.
A managed account can help to meet the retirement needs of participants who cannot or do not want to monitor the economic environment on a frequent basis,
1 AXA, Assets Under Management, September 2014.
2The Personal Income BenefitSM is offered within AXA Equitable’s EQUI-VEST® series of variable deferred annuities, which are available through employer sponsored retirement savings plans. It is an optional feature you can elect for an additional fee.
Early withdrawals from your Personal Income Benefitsm account value or withdrawals from your Personal Income Benefitsm account value that exceed your Guaranteed Annual Withdrawal Amount may significantly reduce future Guaranteed Annual Withdrawal Amount payments. An early withdrawal is caused when you take a withdrawal from your Personal Income BenefitSM account value before you have elected to begin receiving your Guaranteed Annual Withdrawal Amount payments. An excess withdrawal is caused when you withdraw more than your Guaranteed Annual Withdrawal Amount in any contract year from your Personal Income BenefitSM account value.
The Personal Income BenefitSM is not appropriate if you do not intend to take withdrawals prior to annuitization.
Being pro-active and providing one-to-one consulting can help your employees prepare for retirement.
Employee productivity goes down when financial stress goes up.
The situation: a hypothetical public school district anticipates a higher than usual teacher retirement rate due to upcoming pension plan changes. This will create a significant strain on the district’s budget because payouts for unused vacation and sick leave will all be due at once.
Proposed solution: The school district negotiates to amend the teachers’ employment contract so it can offer to replace unused sick leave and vacation pay for retiring teachers, with post-employment employer contributions .1
WITH post-employment 403(b) employer contributions the district spreads it's liability for the retiring teachers’ unused sick leave/vacation pay over five years
WITHOUT post-employment 403(b) employer contributions, the district pays all unused sick leave/vacation pay for the retiring teachers next year
1 WEA Trust, WEA Trust Member Benefits Brochure
2 US Internal Revenue Service, Retirement Topics - Contributions, IRS Benefit and Contribution Limits
3 Federal and State income taxes still apply at distribution.
Familiarize yourself with the current IRS limits on the dollar amount of contributions to retirement plans.
Review this issue brief on using automatic enrollment in local government retirement plans to increase savings.
The IRS' 2014 tax and reporting Quick Reference Guide summarizes the requirements for governmental plan employers.
Research suggests that employees may be more likely to stay on track towards retirement if they have programs available to help them develop and meet their targets.
1 "Employee Financial Wellness Survey, 2014 Results," PricewaterhouseCoopers LLP. April 2014.
Variable annuities are long-term financial products designed for retirement purposes. There are contract restrictions, limitations, fees and charges associated with annuities, which include, but are not limited to, mortality and expense risk charges, sales and withdrawal charges and administrative fees. A financial professional can provide cost information and complete details. Withdrawals are subject to ordinary income tax treatment and may be subject to an additional 10% federal income tax penalty. Contact a financial professional for costs and complete details. Withdrawals may also be subject to a contractual withdrawal charge of 5% in the first five prior contract years for the EQUI-VEST series 201 contract. Variable annuities are subject to market risk including loss of principal.
An annuity contract that is purchased to fund an employer-sponsored retirement savings plan should be done so for the annuity’s features and benefits other than tax deferral. For such cases, tax deferral is not an additional benefit for the annuity. You may want to consider the relative features, benefits, and costs of this annuity with any other investment that you may have in connection with your retirement plan or arrangement.
Please consider the charges, risks, expenses and investment objectives carefully before purchasing a variable annuity. For a prospectus containing this and other information, please contact a financial professional. Read it carefully before you invest or send money.
“AXA” is the brand name of AXA Equitable Financial Services, LLC and its family of companies, including AXA Equitable Life Insurance Company (NY, NY), AXA Advisors, LLC, and AXA Distributors, LLC. AXA S.A. is a French holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC. The obligations of AXA Equitable Life Insurance Company are backed solely by their claims-paying ability.
AXA Equitable Life Insurance Company (New York, NY). Distributors: AXA Advisors, LLC and AXA Distributors, LLC (members FINRA, SIPC).
AXA Equitable, AXA Advisors, and AXA Distributors are affiliated companies and do not provide tax or legal advice. Consult with your attorney and/or tax advisors regarding your individual circumstances.