a new kind of retirement plan experience

Transcription

1 403(b) plans a new kind of retirement plan experience support for you, retirement readiness for your employees Annuities: Are Not a Deposit of Any Bank Are Not FDIC Insured Are Not Insured by Any Federal Government Agency Are Not Guaranteed by Any Bank or Savings Association May Go Down in Value

2 inspiring employees to save for a comfortable retirement

3 These days, employees are looking for benefits that will help them live healthier, happier lives now and in the future. A retirement plan that provides access to guidance, flexibility and a degree of certainty can be an attractive part of their overall benefits package. At the same time, you may be looking for ways to improve your retirement plan s effectiveness and simplify the administration process. AXA retirement plans are designed with both you and your employees in mind: For you: Support from a responsive, dedicated team with knowledge and experience in the education market. For your employees: Personalized guidance from financial professionals who think beyond enrollment to help them set and meet retirement goals. The #1 provider of 403(b) plans for K-12 schools 1 We can help your employees to save for retirement while minimizing the effort needed to administer your plan. That s why more teachers, administrators and school staff come to us for their retirement plans than anyone else. We know how to motivate educators AXA spoke with educators across the country to get a deeper understanding of their perspective and why they enroll in a 403(b) plan. 2 Based on those conversations, we ve developed materials that can motivate them to participate in your plan so they can look forward to a more comfortable retirement. 1 LIMRA, Not-for-Profit Survey, Q results based on 403(b) participants and contributions. 2 maslansky + partners. The New Language of 403(b) Plans. August 2015.

4 easier, simpler plan administration for you... We know you have a lot to manage. With AXA as your 403(b) plan provider, you have access to financial professionals in the education market who are both responsive and accountable to you. They are there to help you create and maintain a retirement program tailored to fit your organization s goals. More confidence in your decisions Your dedicated support team works with you to facilitate your plan s implementation and maintain a program that meets all compliance requirements. We then continue to assist with the administration of your plan and will keep you informed of any future regulatory changes. Our services include: Prototype IRS-approved plan documents Plan monitoring and updating to comply with tax law changes Audit support Plan reporting Contribution limit monitoring Electronic delivery services Easing your day-to-day responsibilities We also provide a simple, streamlined website that can automate many of your recordkeeping responsibilities. With our online tools, you can quickly and easily upload contribution files and other participant data. You can also track and update information on the approved providers for your plan. In addition, you can view and download detailed reports on contributions, plan-level investments, transfers, loans, distributions and more. We offer full-service plan administration If you are looking for a third-party administrator, AXA can help. From fundamental tasks, such as payroll remittance, to more complex responsibilities, such as compliance monitoring and audit support, we offer services to help simplify even your most complicated administrative responsibilities. 2 easier, simpler plan administration

5 for your employees... personalized guidance AXA understands that no two people are alike and everyone s investing needs change over time. That s why we provide your employees with the flexibility to customize a savings strategy to suit who they are now, with opportunities to adjust later on. This may help them to be more prepared financially when it s time to retire. Support on their terms We begin by offering your employees the freedom to enroll in a way that works best for them. They can choose from three different options: Meet with a Financial Professional for highly personalized guidance. Call Customer Service at (855) if telephone support is preferred. Enroll online with our convenient web-based enrollment tool. 3 An advisor can help your employees prepare for retirement. According to a recent AXA study, 4 participants who use a financial advisor demonstrate measurable financial benefits: Earlier and larger plan contributions Higher confidence in plan performance Higher overall satisfaction with their retirement plan We then continue to support your employees on an ongoing basis. Whenever they need guidance or have questions, your employees can set up an appointment with their Financial Professional to make sure they stay on track toward their retirement goals. Ultimately, AXA can help get more of your employees investing toward the comfortable retirement they deserve. 3 Online enrollment may not be available in all plans. 4 AXA Enhancing Outcomes Advisor Value Study, personalized guidance 3

6 flexible retirement plan strategies We know many educators are looking for a careful balance between growth and security. That s why AXA offers them opportunities for investment growth while they re building assets during their working years, and predictable income after they retire. Meeting the diverse needs of your employees AXA offers a broad spectrum of investment products to fund your retirement plan from variable and fixed annuities to mutual fund options. Our investment platform features a high degree of flexibility to help you design a retirement package appropriate for you and your employees. Options for additional protection You can help your employees feel more secure in their retirement savings strategy by offering additional protection options in your plan. 5 Guaranteed growth -- With the Guaranteed Interest Option, your employees have an opportunity to earn a minimum fixed interest on their savings, regardless of market performance. 6 A balance between protection and growth Market volatility may be a big concern for some of your employees. The Structured Investment Option offers them the potential for growth while having some protection from market declines. 7 Guaranteed income in retirement -- With the Personal Income Benefit SM, you can give your employees a way to turn their retirement savings into a stream of guaranteed annual income payments that can last a lifetime. 8 5 Guarantees are based on the claims-paying ability of AXA Equitable. 6 No more than 25% of any contribution can be allocated to the Guaranteed Interest Option (GIO.) Also, we will not process any transfer requests that would result in more than 25% of a participant s account value in the GIO. Allocation and transfer restrictions are currently waived in all states. We will notify you 45 days in advance if these restrictions are reimposed. 7 The Structured Investment Option may not be available in all states. Check with your financial professional for details. 8 The Personal Income Benefit SM may not be available in all states. 4 flexible retirement plan solutions

7 the experience of an industry leader We know educators are driven by passion. A career in education means helping students reach their full potential and plan for the future. Similarly, AXA is passionate about helping clients build their financial futures -- and has been since We leverage our extensive knowledge and experience to create retirement plan strategies tailor-made to meet your needs and those of your employees. The AXA difference AXA offers a wide range of retirement products and services designed to give your plan flexibility, value and ease of administration. Your employees have access to financial professionals who can use their in-depth knowledge of school organizations, state pension systems, and 403(b) regulations to help each employee build a sound plan for the future. AXA is ranked #1 in the K-12 market, based on 403(b) plan participants and contributions. 9 We ve won the DALBAR Service Award for outstanding customer service for five years in a row ( ) and 11 times in the last 18 years. AXA is one of the nation s largest corporate providers of scholarships for students planning for college, awarding more that $25 million dollars since We also support educators by providing grants to schools to help fund their professional education and development. 9 LIMRA, Not-for-Profit Survey, Q results based on 403(b) participants and contributions. the experience of an industry leader 5

8 a new kind of retirement plan experience There s a reason AXA is the #1 provider of 403(b) plans for K-12 schools. With our years of experience, you get a lot more than just a 403(b) provider. You get a company that knows how to help turn a portion of a school employee s salary into a more comfortable retirement. For more information on our retirement plan services, please call us at (866) , option #3, or contact your local financial professional. Visit our website at 6 a new kind of retirement plan experience

9 depend on the experience of AXA Equitable Part of the Global AXA Group For over 150 years, AXA Equitable has been helping businesses, individuals and families plan for a secure financial future. Since 1859, AXA Equitable has stood among the nation s premier providers of life insurance and annuity products providing stability and reliability to our clients. AXA Group has been Ranked # 1 global insurance brand in the world for seven consecutive years* AXA Group has more than 103 million individual and corporate clients 64 is present in AXA Group countries AXA Equitable Winner of the Dalbar Annuity Service Award 2013/2014/2015 AXA Group has been ranked 50 most one of the innovative companies** *Interbrand, , AXA press release, October 5, **The Boston Consulting Group s 10th annual The Most Innovative Companies Survey, AXA Equitable Life Insurance Company has sole responsibility for its annuity and life insurance obligations. AXA Group refers to AXA S.A., a French holding company for a group of international insurance and financial services companies, together with its direct and indirect consolidated subsidiaries, including AXA Equitable Life Insurance Company. depend on the experience of AXA Equitable 7

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12 Because an annuity contract would be used to fund this qualified employersponsored retirement arrangement, it should be purchased for its features and benefits other than tax deferral. For such cases, tax deferral is not an additional benefit of the annuity. 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 advice 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. Such advice 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. This material must be preceded or accompanied by a current prospectus that contains more complete information, including investment objectives, risks, charges, and expenses. Please read the prospectus carefully before you invest or send any money. This brochure is not a complete description of all material provisions of the contract. Certain types of contracts and features may not be available in all jurisdictions. The stocks included in the S&P 500 Price Return Index are those of large, publicly held companies. S&P, Standard & Poor s, S&P 500 and Standard & Poor s 500 TM are trademarks of Standard & Poor s Financial Services, LLC (Standard & Poor s), and have been licensed for use by AXA Equitable. The Structured Investment Option is not sponsored, endorsed, sold, or promoted by Standard & Poor s and Standard & Poor s does not make any representation regarding the advisability of investing in the Structured Investment Option. The Russell 2000 Price Return Index tracks the performance of small-cap companies. Stocks of small and mid-size companies have less liquidity than those of larger companies and are subject to greater price volatility than the overall stock market. Smaller company stocks involve a greater risk than is customarily associated with more established companies. The Russell 2000 Index is a trademark of Russell Investments and has been licensed for use by AXA Equitable. The product is not sponsored, endorsed, sold or promoted by Russell Investments and Russell Investments makes no representation regarding the advisability of investing in the product. The MSCI EAFE Price Return Index is a sampling of securities deemed by MSCI as designed to measure the equity market performance of the developed European, Australasian and Far East (EAFE) markets. Australasia includes Australia, New Zealand and neighboring islands of the South Pacific. International securities carry additional risks, including currency exchange fluctuation and different government regulations, economic conditions and accounting standards. The Product referred to herein is not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such Product or any index on which such Product is based. The prospectus contains a more detailed description of the limited relationship MSCI has with AXA Equitable and any related products. EQUI-VEST is a registered service mark of, and Personal Income Benefit SM is a service mark of, and both are issued by AXA Equitable Life Insurance Company, New York, NY. EQUI-VEST is a group variable annuity contract issued by AXA Equitable Life Insurance Company (NY, NY) and co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC, New York, NY AXA Equitable, AXA Advisors, and AXA Distributors are affiliated companies and do not provide legal or tax advice. Consult with your attorney and/or tax advisor regarding your individual circumstances. The investments in this program are subject to investment risks, including possible loss of the principal invested. They are not insured by the Federal Deposit Insurance Corporation nor are they deposits to, obligations of, or guaranteed by any bank. The AXA Retirement 360 SM defined contribution program consists of a custodial account offered through Reliance Trust Company, LLC, within which plan participants chosen mutual fund shares are held, as well as a group fixed annuity contract (Generic Form Number 2016FA-MFrev, 2016FA- MF403b) issued by AXA Equitable Life Insurance Company ( AXA Equitable ). Mutual funds made available through the program are distributed by AXA Distributors, LLC (Member SIPC, FINRA) ( AXA Distributors ). AXA Equitable and AXA Distributors are located at 1290 Avenue of the Americas, New York, NY 10104, (212) AXA Equitable is solely responsible for meeting the obligations of the group fixed annuity contract. Offered by affiliated and unaffiliated entities, the program is the result of various strategic partnerships, including one between AXA Distributors, LLC and PlanConnect, LLC. The AXA Retirement Plan Services SM platform includes recordkeeping, trading and custodial services to plan sponsors for the program. Reliance Trust Company serves as custodian of and transfer agent for the trading of mutual funds selected by plan participants. PlanConnect, LLC, serves as the platform s recordkeeper and third-party administrator. AXA Retirement Plan Services SM and AXA Retirement 360 SM are service marks of the contractual arrangements between affiliated and/or unaffiliated entities within the platform; PlanConnect is a registered service mark of PlanConnect, LLC (100 Madison Street, Syracuse, NY (800) ). AXA Equitable, AXA Distributors, and PlanConnect, LLC are separate but affiliated companies. Reliance Trust Company is a separate and unaffiliated company. The investments in this program are subject to investment risks, including possible loss of the principal invested. They are not insured by the Federal Deposit Insurance Corporation nor are they deposits to, obligations of, or guaranteed by any bank. 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 claimspaying ability. Form #s: 2006BASE-I-A/B, 2006BASE-A/B, 2008EQV201, 2008EQVBASE201-A, 2010SIO201-I/G, 2012 RDPIB, and any state variations AXA Equitable Life Insurance Company. All rights reserved Avenue of the Americas, New York, NY 10104, (212) G37894 GE (8/16) (Exp. 8/18) Cat. # (8/16) Annuities: Are Not a Deposit of Any Bank Are Not FDIC Insured Are Not Insured by Any Federal Government Agency Are Not Guaranteed by Any Bank or Savings Association May Go Down in Value