You’ve got a lot of retirement program options. There are a dizzying number of local and national firms you could call. To get low fees, you may have to settle for low service. To get a high level of service, you may have to accept high fees. To get a wide range of investment options, you might have to be satisfied with managing your plan online—or accepting a fee structure that covers service and consultation.
Fortunately, your association has arranged with AXA Equitable to provide the Members Retirement Program. It provides:
- Human and online service
- A diverse range of investment options
- Vast informational resources
- A competitive fee structure
Generally only much larger businesses can get what you can get from the Members Retirement Program. It’s a program that made it possible for thousands of professionals to have the opportunity to grow their retirement assets as they grow their business.
All information and consultations are free of charge to members.
The SIMPLE 401(k) has simplified rules for making owner and employee contributions — thereby minimizing the time and effort required to administer the plan. Plus, by setting up your SIMPLE 401(k) plan through the Members Retirement Program, most of the administration is handled for you.
Ease of administration
Safe Harbor 401(k)s have been designed to allow owners and highly compensated employees to bypass discrimination testing and save as much as the Internal Revenue Service code allows.
BENEFITSMaximize salary deferral
No discrimination testing
An affordable 401(k) that offers big-company benefits for one-person businesses. An Owners 401(k) plan can include a salary deferral and a profit-sharing contribution.
No costly set-up
These plans are designed to take advantage of “cross-testing” — where your contributions are tested on the basis of benefits at retirement age rather than on the basis of amounts contributed.
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"AXA" is the brand name for the AXA Equitable Financial Services, LLC family of companies, including AXA Equitable Life Insurance Company. 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 its claims-paying ability.
The Members Retirement Program (Contract Form #6059) is funded by a group variable annuity contract issued and distributed by AXA Equitable Life Insurance Company (New York, NY 10104, 212-314-4600).
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.
A group variable annuity is a long-term financial product designed for retirement purposes. In essence, a group variable annuity is a contractual agreement in which payment(s) are made to an insurance company on behalf of retirement plan participants, which agrees to payout an income or a lump sum amount at a later date to those participants. There are contract limitations and fees and charges associated with group variable annuities, which include, but are not limited to administrative fees and charges for investment management. Amounts in the annuity's variable investment options are subject to fluctuation in value and market risk, including loss of principal. Withdrawals from annuities are subject to an additional 10% federal income tax penalty. Withdrawals may also be subject to a contractual withdrawal charge. Contact a Retirement Program Specialist for costs and complete details. An annuity contract that is purchased to fund a retirement 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. You may also 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 be advised that this document is not intended as legal or tax advice. Accordingly, any tax information provided in this document is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. The tax information was written to support the promotion or marketing of the transaction(s) or matter(s) addressed and you should seek advice based on your particular circumstances from an independent tax advisor.