Participant Fee Disclosure and Investment Option Information May 31, 2014 EQUI-VEST Series 201

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1 Participant Fee Disclosure and Investment Option Information May 31, 2014 EQUI-VEST Series 201 This document includes important information to help you compare the investment options under your retirement plan. If you want additional information about your investment options, you can go to the specific Internet Web site address shown below or you can contact AXA Equitable at A free paper copy of the information available on the Web site[s] can be obtained by contacting AXA Equitable at Contract Related Information The following provides a description of the charges and fees under the EQUI-VEST contract. Charges deducted from your account value at the time certain transactions are requested. This section described the charges that we deduct for certain transactions. The charges are deducted from your account value. The account value is the total of the values you have in the Variable Investment Options, Guaranteed Interest Options, account for Special Dollar Cost Averaging, and if available, the Structured Investment Option Holding Account, and the Structured Investment Option Segment Interim Value. A withdrawal charge may apply in three circumstances: (1) One or more withdrawals are made during a Contract year; (2) the Contract is surrendered, or (3) we terminate the Contract. This charge is used to pay professionals a commission for selling a variable annuity. The amount of the withdrawal charge we deduct is equal to 5% of any contribution withdrawn attributable to contributions made during the current and five prior Contract years measured from the date of the withdrawal. The withdrawal charge no longer applies after the completion of 12 contract years. Annuity Payout Option: If a variable immediate annuity is chosen as the payout option under the contract, there will be a onetime charge of $350 that will be deducted from your account value at the time of annuitization. Charge for Third-Party Transfer or Exchange: We deduct a charge of $65 per occurrence per participant for processing a direct transfer or rollover of funds from a participant s account to a permissible funding vehicle offered by another provider or to another eligible plan. Charges for State Premium and Other Applicable Taxes: We may deduct a charge designed to approximate certain taxes in your state. Generally, we deduct the charge from the amount applied to provide an annuity payout option. The current tax charge that might be imposed varies by jurisdiction and ranges from 0% to 1%. Charges deducted from the account value on each Contract date anniversary: Annual Administrative Charge: The charge is deducted on each Contract date anniversary. A pro rata portion of the charge is deducted if the Contract is surrendered, an annuity payout option is elected, or you die during the Contract year. This charge compensates us for providing administrative and financial accounting services under the Contract. These administrative and financial accounting services include contract administration services, such as receiving and allocating contributions, processing withdrawals, loans and other transactions pursuant to the Contract, recordkeeping participant accounts, quarterly participant account statements and other reporting, telephone and online account access to account information and to provide instruction, and administration of other Contract features (such as dollar cost averaging and account rebalancing). The applicable Annual Administrative Charge is equal to $30 or, if less, 2% of each participant's current account value plus any amount previously withdrawn during the contract year. We deduct this charge if the participant's account value on the last business day of the contract year is less than $25,000. If the participant's account value is $25,000 or more, we do not deduct the charge for that contract year. Net Loan Cost: We charge interest on loans under the Contract, but also credit interest on the loan reserve account. The net loan charge is determined by the excess between the interest rate we charge over the interest rate we credit, but may not exceed 2% Personal Income Benefit Charge: If the Personal Income Benefit feature is activated, we deduct an annual charge equal to 1.00% of the Personal Income Benefit account value. This charge will be deducted from the value in the Personal Income Benefit Variable Investment Options on a pro rata basis on each contract date anniversary. A pro rata portion of the charge is deducted if the Personal Income Benefit feature is terminated, the contract is surrendered, or a death benefit is paid on a date other than a contract date anniversary. 1

2 Special Services Charges. We charge fees to compensate us for certain special services. These charges compensate us for the expense of processing the special service. I. Wire Transfer charge. We charge $90 for outgoing wire transfers. II. Express mail charge. We charge $35 for sending participants a check by express mail. Charges Deducted from the Variable Investment Options on a Daily Basis: Separate Account Annual Expenses. We deduct a charge for mortality and expense risks and other expenses. This asset-based charge is deducted from assets in each Variable Investment Option to compensate us for mortality and expense risks, including the death benefit provided under the Contract, as well as for administrative and financial accounting services under the Contract. This fee is in addition to the Total Annual Operating Expenses in Table 3 below. The daily charge is currently equivalent to an annual rate of 1.20% of the net assets in each Variable Investment Option. The mortality risks AXA Equitable assumes is the risk that annuitants as a group will live a longer time than our actuarial tables predict. If that happens we would be paying more in annuity benefits than we planned. We also assume a risk that the mortality assumptions reflected in our guaranteed annuity payment tables, shown in each Contract will differ from actual mortality experience. Lastly, we assume a mortality risk to the extent that at the time of death, the guaranteed benefit exceeds the cash value of the Contract. The expense risk we assume is the risk that our expenses in providing the benefits and administering the Contract will be greater than we expect. Structured Investment Option The Structured Investment Option permits you to invest in one or more Segments, each of which provides performance tied to the performance of an index. Any amount invested into the Structured Investment Option will be invested in one of the Segments of the Structured Investment Option, each of which has a limited duration. The total amount earned on an investment in a Segment of the Structured Investment Option is only applied at maturity. If you take a withdrawal from a Segment on any date prior to maturity, AXA Equitable calculates the interim value of the Segment, referred to as the Segment Interim Value. The calculation is based on a formula, which consists of a number of components, some of which are designed to reimburse us for our expenses and protect us from the risk that we will have to pay out an account values related to a Segment prior to the Segment Maturity. This amount may be less than the amount invested and may be less than the amount you would receive had you held the investment until maturity. For more information about how AXA Equitable calculates the Segment Interim Value, please see the Appendix labeled Segment Interim Value within the Prospectus. Part I. Performance Information Table 1 focuses on the performance of investment options that do not have a fixed or stated rate of return. Table 1 shows how these options have performed over time and allows you to compare them with an appropriate benchmark for the same time periods. Past performance does not guarantee how the investment option will perform in the future. Your investment in these options could lose money. If you are an existing participant, information about each option s investment manager, objective and goals, principal strategies and risks, and portfolio turnover rate is available on the website. Log in using your user id and password, or you may create an account if you have not already done so. Once logged in, select your contract number from the Portfolio Summary page for additional fund information. For help with online access please call our eservice department at (877) Monday - Friday 8am - 7pm (ET). If you are a new participant please refer to the prospectus for further information. Table 1 Variable Return Investments Name Average Annual Total Return as of 12/31/2013 Benchmark Balanced AXA Balanced Strategy 12.30% NA NA 11.39% 05/18/ % 9.14% 6.19% 9.79% 04/30/2009 2

3 Table 1 Variable Return Investments Name Average Annual Total Return as of 12/31/2013 Benchmark AXA Conserv 3.08% 4.28% 2.36% 2.50% 10/13/ % 9.14% 6.19% 6.81% 07/31/2003 AXA Conserv- Plus 8.92% 6.67% 2.95% 3.19% 10/13/ % 9.14% 6.19% 6.81% 07/31/2003 AXA Conservative Growth Strtgy 9.19% NA NA 8.71% 05/18/ % 9.14% 6.19% 9.79% 04/30/2009 AXA Conservative Strategy 3.13% NA NA 3.44% 05/18/ % 9.14% 6.19% 9.79% 04/30/2009 AXA Moderate 11.76% 7.78% 3.28% 2.94% 07/10/ % 9.14% 6.19% NA NA AXA Moderate Growth Strategy 15.48% NA NA 14.12% 05/18/ % 14.58% 7.95% 15.64% 04/30/2009 AXA Moderate- Plus 18.35% 10.21% 4.25% 4.70% 10/13/ % 14.58% 7.95% 9.03% 07/31/2003 AXA/Fr Tmp Alloc Managed 21.81% 12.53% NA 0.98% 05/25/ % 16.51% 8.34% 5.01% 04/30/2007 Morningstar Aggressive Target Risk AXA/Frnkln Blncd Managed 13.20% 11.77% NA 2.95% 09/15/ % 9.14% 6.19% 5.92% 09/15/2006 All Asset Aggressive Alt 25 NA NA NA 6.72% 05/17/ % 16.51% 8.34% 22.11% 08/29/2012 Morningstar Aggressive Target Risk All Asset Growth Alt Twenty 12.75% NA NA 7.90% 09/18/ % 14.58% 7.95% NA NA All Asset Moderate Grw Alt 15 NA NA NA 3.70% 05/17/ % 14.58% 7.95% 18.31% 08/29/2012 EQ/AllianceBern stein Dyn Wt St 14.78% NA NA 13.39% 05/18/ % 14.58% 7.95% 9.12% 02/18/2011 PIB AXA Balanced Strategy 12.30% NA NA 10.72% 07/20/ % 9.14% 6.19% 9.79% 04/30/2009 PIB AXA Conservative Growth St 9.19% NA NA 8.08% 07/20/ % 9.14% 6.19% 9.79% 04/30/2009 PIB AXA Conservative Strategy 3.13% NA NA 2.87% 07/20/ % 9.14% 6.19% 9.79% 04/30/2009 PIB AXA Moderate Growth Str 15.48% NA NA 13.41% 07/20/ % 14.58% 7.95% 15.64% 04/30/2009 PIB EQ/AllianceBern stein Dynws 14.78% NA NA 13.02% 07/20/ % 14.58% 7.95% 9.12% 02/18/2011 3

4 Table 1 Variable Return Investments Name Average Annual Total Return as of 12/31/2013 Benchmark Target % 9.04% NA 2.53% 09/15/ % 11.65% 7.52% 6.46% 08/31/2006 Morningstar Lifetime Moderate 2015 Target % 10.89% NA 2.88% 09/15/ % 14.17% 8.16% 6.56% 09/01/2006 Morningstar Lifetime Moderate 2025 Target % 12.13% NA 3.09% 09/15/ % 16.01% 8.60% 6.86% 08/31/2006 Morningstar Lifetime Moderate 2035 Target % 13.22% NA 3.14% 09/15/ % 16.35% 8.79% 6.94% 08/31/2006 Morningstar Lifetime Moderate 2045 Commodities PIMCO VIT CmmdtyRealRetr n Stgy % NA NA -0.51% 04/30/ % 7.14% 6.15% 2.83% 02/28/2006 Morningstar Long-Only Commodity TR International Stock AXA Glb Eqty Managed 18.92% 14.22% 9.57% 7.63% 07/10/ % 14.92% 7.17% NA NA MSCI ACWI NR USD AXA Int Core Managed 16.11% 9.58% 4.14% 4.26% 01/11/ % 12.81% 7.57% 5.01% 05/03/1999 MSCI ACWI Ex USA NR USD AXA Int Val Managed 17.90% 8.85% 4.35% 4.03% 01/11/ % 12.69% 7.72% NA NA MSCI ACWI Ex USA Value NR USD AXA International Managed 19.66% NA NA 5.45% 04/30/ % 12.81% 7.57% 7.32% 10/29/2009 MSCI ACWI Ex USA NR USD AXA/Tmp Glb Eqty Managed 25.42% 12.93% NA 2.12% 09/15/ % 14.92% 7.17% 5.03% 09/15/2006 MSCI ACWI NR USD EQ/Emerging Markets Eqty PLUS NA NA NA -4.47% 05/17/ % 14.79% 11.17% -3.53% 02/19/2013 MSCI EM NR USD EQ/MFS International Growth 12.28% 12.52% NA 6.44% 05/06/ % 12.90% 7.36% NA NA MSCI ACWI Ex USA Growth NR USD EQ/Oppenheimer Global 24.82% 15.87% NA 4.53% 09/15/ % 14.92% 7.17% 4.97% 08/31/2006 MSCI ACWI NR USD Invesco V.I. International Gr 17.29% NA NA 8.80% 04/30/ % 12.90% 7.36% 8.23% 09/19/2001 MSCI ACWI Ex USA Growth NR USD Lazard Retiremt -2.43% NA NA 1.29% 09/17/ % 14.79% 11.17% NA NA Emg Mrkts Eqty MSCI EM NR USD MFS International Value 26.10% NA NA 11.79% 04/30/ % 12.69% 7.72% 7.44% 08/24/2001 MSCI ACWI Ex USA Value NR USD Money Market EQ/Money Market -1.20% -1.20% 0.24% 0.89% 07/10/ % 0.10% 1.64% 3.15% 10/02/1996 USTREAS T-Bill Auction Ave 3 Mon Sector Stock 4

5 Table 1 Variable Return Investments Name Average Annual Total Return as of 12/31/2013 Benchmark Invesco V.I. Glbl Real Estate 1.21% NA NA 7.49% 04/30/ % 16.38% 7.89% 8.49% 04/30/2004 S&P Global REIT TR USD Ivy Funds VIP Energy 26.22% NA NA 7.79% 04/30/ % 13.95% 13.63% 7.49% 05/01/2006 S&P 1500 Energy TR MFS Technology 33.10% NA NA 17.36% 09/17/ % 21.62% 7.62% 5.42% 08/24/2001 Morningstar SEC/Technology TR USD MFS Utilities 18.77% NA NA 14.13% 09/17/ % 11.06% 9.54% 6.21% 05/01/2000 S&P 1500 Utilities TR Multimanager Technology 33.96% 20.78% 6.61% 4.06% 01/11/ % 21.62% 7.62% 5.64% 12/31/2001 Morningstar SEC/Technology TR USD Van Eck VIP Global Hard Assets 8.97% NA NA -3.54% 05/20/ % 13.45% 11.18% 4.86% 05/01/2006 S&P North American Natural Resources TR Taxable Bond American Funds Insrnce Srs Bnd NA NA NA -3.16% 05/17/ % 4.44% 4.55% -1.92% 12/14/2012 Barclays US Agg Bond TR USD Charter Multi- Sector Bond -2.06% 3.84% 1.00% -0.16% 07/10/ % 4.44% 4.55% 5.75% 10/02/1996 Barclays US Agg Bond TR USD EQ/Core Bond Index -2.77% 1.70% 0.63% 1.26% 01/11/ % 4.44% 4.55% 5.42% 01/02/1998 Barclays US Agg Bond TR USD EQ/Global Bond PLUS -3.68% 1.50% NA 2.56% 10/14/ % 4.44% 4.55% 4.80% 10/03/2005 Barclays US Agg Bond TR USD EQ/High Yield Bond NA NA NA 1.71% 05/17/ % 18.65% 8.46% 5.86% 02/19/2013 BofAML US HY Master II TR USD EQ/PIMCO Global Real Return NA NA NA -8.00% 05/17/ % 5.63% 4.85% -7.43% 02/19/2013 Barclays US Treasury US TIPS TR USD EQ/PIMCO Ultra Short Bond -1.12% 0.78% NA 0.83% 05/06/ % 0.90% 2.24% 2.33% 01/24/2002 Barclays Govt/Corp 1 Yr Duration TR USD EQ/Quality Bond PLUS -3.46% 1.50% 0.85% 2.15% 07/10/ % 4.44% 4.55% 5.36% 07/08/1998 Barclays US Agg Bond TR USD Invesco V.I. High Yield 5.48% NA NA 5.80% 05/20/ % 18.65% 8.46% 9.09% 03/26/2002 BofAML US HY Master II TR USD Ivy Funds VIP High Income 9.17% NA NA 10.67% 09/17/ % 18.65% 8.46% 8.85% 07/13/1987 BofAML US HY Master II TR USD Multimanager Core Bond -3.53% 3.37% 2.87% 3.01% 01/11/ % 4.44% 4.55% 4.97% 12/31/2001 Barclays US Agg Bond TR USD Templeton Global Bond VIP 0.41% NA NA 4.28% 04/30/ % 2.27% 4.10% 4.43% 01/06/1999 Citi WGBI NonUSD USD U.S. Stock AXA 2000 Managed 35.74% NA NA 11.02% 04/30/ % 20.08% 9.07% 19.76% 10/29/2009 Russell 2000 TR USD AXA 400 Managed 30.10% NA NA 11.07% 04/30/ % 22.36% 10.22% 19.45% 10/29/2009 Russell Mid Cap TR USD 5

6 Table 1 Variable Return Investments Name Average Annual Total Return as of 12/31/2013 Benchmark AXA 500 Managed 29.36% NA NA 10.97% 04/30/ % 18.59% 7.78% 17.00% 10/29/2009 AXA Aggressive 24.91% 12.59% 4.59% 5.05% 10/13/ % 18.59% 7.78% 8.76% 07/31/2003 AXA Lg Cap Core Managed 29.98% 14.52% 4.98% 1.82% 08/27/ % 18.59% 7.78% 5.09% 01/04/1999 AXA Lg Cap Grw Managed 33.77% 16.60% 6.73% 2.54% 07/10/ % 20.39% 7.83% 6.29% 05/01/1997 AXA Lg Cap Val Managed 30.89% 13.23% 3.25% 2.57% 05/01/ % 16.67% 7.58% 6.79% 01/02/1998 AXA Mid Cap Val Managed 31.48% 17.50% 6.34% 3.96% 07/10/ % 21.16% 10.25% 10.73% 05/01/1997 Russell Mid Cap Value TR USD AXA/Fr Sm Cap Val Managed 35.05% 16.72% NA 4.65% 09/15/ % 20.08% 9.07% 8.10% 09/15/2006 Russell 2000 TR USD AXA/Mut Lg Cp Eqty Managed 27.72% 13.21% NA 2.81% 09/15/ % 18.59% 7.78% 7.32% 09/15/2006 American Cntry VP Mid Cap Val 28.34% NA NA 12.60% 04/30/ % 21.16% 10.25% 9.91% 10/29/2004 Russell Mid Cap Value TR USD EQ/AllianceBern stein Sm Cp Gr 36.52% 21.98% 8.57% 5.53% 07/10/ % 22.58% 9.41% 7.38% 05/01/1997 Russell 2000 Growth TR USD EQ/BlackRock Basic Value Eqty 36.08% 15.87% 5.68% 5.97% 07/10/ % 16.67% 7.58% 8.04% 05/01/1997 EQ/Boston Advisors Eqty Income 30.17% 13.42% NA 5.85% 10/22/ % 16.67% 7.58% 6.42% 12/01/1998 EQ/Calvert Socially Resp 32.72% 16.87% 4.10% 1.24% 08/27/ % 20.39% 7.83% 2.83% 09/01/1999 EQ/Com Stck Index 30.88% 16.60% 4.51% 2.36% 07/10/ % 18.59% 7.78% 8.04% 10/02/1996 EQ/Equity 500 Index 29.94% 15.83% 5.51% 2.98% 07/10/ % 18.59% 7.78% 7.47% 05/01/1997 EQ/GAMCO Small Company Value 37.45% 22.82% NA 12.08% 10/22/ % 20.08% 9.07% 9.98% 08/01/1988 Russell 2000 TR USD EQ/Invesco Comstock 33.42% 16.90% NA 5.27% 05/06/ % 16.67% 7.58% 7.11% 04/29/2005 EQ/JPMorgan Val Opportunities 34.16% 15.88% 4.96% 2.86% 07/10/ % 16.67% 7.58% 8.04% 05/01/1997 EQ/Large Cap Growth Index 30.90% 19.16% 6.96% 0.83% 08/27/ % 20.39% 7.83% 2.90% 05/03/1999 6

7 Table 1 Variable Return Investments Name Average Annual Total Return as of 12/31/2013 Benchmark EQ/Large Cap Value Index 30.01% 14.48% NA -1.39% 10/14/ % 16.67% 7.58% 6.56% 10/03/2005 EQ/Mid Cap Index 30.99% 19.57% 5.66% 4.31% 10/20/ % 22.36% 10.22% 7.94% 09/01/2000 Russell Mid Cap TR USD EQ/Morgan Stanley Mid Cap Gr 36.88% 22.16% NA 9.82% 05/06/ % 23.37% 9.77% 10.24% 04/29/2005 Russell Mid Cap Growth TR USD EQ/Small Company Index 35.80% 17.90% 7.19% 6.99% 01/11/ % 20.08% 9.07% 7.70% 12/31/1997 Russell 2000 TR USD EQ/T. Rowe Price Growth Stock 36.27% 20.25% NA 5.63% 10/22/ % 20.39% 7.83% 9.91% 08/01/1988 Fidelity VIP Contrafund 29.38% NA NA 12.46% 04/30/ % 20.39% 7.83% 1.68% 01/12/2000 Fidelity VIP Equity Income 26.29% NA NA 12.08% 04/30/ % 16.67% 7.58% 6.29% 01/12/2000 Fidelity VIP Mid Cap 34.24% NA NA 12.36% 04/30/ % 23.37% 9.77% 4.70% 01/12/2000 Russell Mid Cap Growth TR USD Goldman Sachs VIT Mid Cap Val 30.97% NA NA 12.67% 04/30/ % 21.16% 10.25% 8.01% 01/06/2006 Russell Mid Cap Value TR USD Invesco V.I. Diversified Div 29.20% NA NA 9.97% 04/30/ % 16.67% 7.58% 6.19% 06/05/2000 Invesco V.I. Mid Cap Core Eqty 26.92% NA NA 8.60% 04/30/ % 22.36% 10.22% 10.33% 09/10/2001 Russell Mid Cap TR USD Invesco V.I. Small Cap Equity 35.44% NA NA 14.73% 04/30/ % 20.08% 9.07% 10.00% 08/29/2003 Russell 2000 TR USD Ivy Funds VIP Mid Cap Growth 28.38% NA NA 10.86% 05/20/ % 23.37% 9.77% 10.32% 04/28/2005 Russell Mid Cap Growth TR USD Ivy Funds VIP Small Cap Growth 41.64% NA NA 11.61% 04/30/ % 22.58% 9.41% 7.71% 05/03/1994 Russell 2000 Growth TR USD MFS Investors Gr Stock 28.49% NA NA 16.84% 09/17/ % 20.39% 7.83% 1.29% 05/01/2000 MFS Investors Trust 30.16% NA NA 12.37% 04/30/ % 18.59% 7.78% 3.99% 05/01/2000 Multimanager Aggressive Equity 35.50% 17.55% 4.75% 0.10% 07/10/ % 20.39% 7.83% 6.82% 10/02/1996 Oppenheimer Main Strt Fund/VA 29.86% NA NA 13.61% 04/30/ % 18.59% 7.78% 3.88% 07/13/2000 The above performance information is at the fund level and is based on the fund inception date shown. For more detailed information regarding the fund performance based on the date this fund was made available on your contract, please go to website. 7

8 The historical returns shown above are based on the existing total annual operating expense reflected in Table 3 below. The fund displayed shows a rate of return from the fund's inception date as an investment option under our contract, while for the fund's benchmark since the fund's inception, we show the average rate of return for that period from the date displayed. Where no benchmark date is displayed, the fund and benchmark inception dates are the same. If this does not provide enough information for your purposes, please contact your Advisor. Table 2 focuses on the performance of investment options that have a fixed or stated rate of return. Table 2 shows the annual rate of return of each such option, the term or length of time that you will earn this rate of return, and other information relevant to performance. Table 2 Fixed Return Investments Name Return Term Other Guaranteed Interest Option (for new contributions) Account for Special Dollar Cost Averaging 1.75% Rate available from 05/01/ /31/2014 for the period 05/01/ /31/ % Rate available from 05/01/ /31/2014 for the period 05/01/ /31/ % Rate available from 05/01/ /31/2014 for the period 05/01/ /31/ % Rate available from 05/01/ /30/2015 for the period 05/01/ /31/2014 The guaranteed interest option is part of the general account and pays interest at guaranteed rates. We will credit interest to the amounts that you have in the guaranteed interest. We set the interest rates periodically, according to the procedures that we have. We reserve the right to change these procedures. See your Year-end Statement for details. The account for Special DCA is part of our general account. We offer time periods of 3, 6 or 12 months, during which you will receive an enhanced interest rate. Segment Holding Account - An account that holds all contributions and transfers allocated to the Segment Type pending investment in a Segment. The Segment Holding Account is part of the EQ/Money Market variable investment option. Segment Investment Option Segments - If the Index Performance Rate is positive, then the Segment Rate of Return is a rate equal to the Index Performance Rate, but not more than the Performance Cap Rate. If the Index Performance Rate is negative, but declines by a percentage less than or equal to the Segment Buffer, then the Segment Rate of Return is 0%. For the 1 year Segment, if the Index Performance Rate is negative, and declines by more than 10%, then the Segment Rate of Return is negative, but will not reflect the first 10% of downside performance. For the 3 and 5 year Segments, if the Index Performance Rate is negative, and declines by more than 20%, then the Segment Rate of Return is negative, but will not reflect the first 20% of downside performance. Part II. Fee and Expense Information Table 3 shows fee and expense information for the investment options listed in Table 1 and Table 2. Table 3 shows the Total Annual Operating Expenses of the options in Table 1. Total Annual Operating Expenses are expenses that reduce the rate of return of the investment option. Table 3 also shows Shareholder-type Fees. These fees are in addition to Total Annual Operating Expenses. 8

9 Name Table 3 Fees and Expenses Total Annual Operating Expenses As a Per % $1000 Shareholder-Type Fees Balanced AXA Balanced Strategy 1.08% $10.80 N/A AXA Conserv 1.08% $10.80 N/A AXA Conserv-Plus 1.13% $11.30 N/A AXA Conservative Growth 1.08% $10.80 N/A Strtgy AXA Conservative Strategy 1.06% $10.60 N/A AXA Moderate 1.15% $11.50 N/A AXA Moderate Growth 1.10% $11.00 N/A Strategy AXA Moderate-Plus 1.19% $11.90 N/A AXA/Fr Tmp Alloc Managed 1.34% $13.40 N/A AXA/Frnkln Blncd Managed 1.07% $10.70 N/A All Asset Aggressive Alt % $73.60 N/A All Asset Growth Alt Twenty 1.32% $13.20 N/A All Asset Moderate Grw Alt 7.45% $74.50 N/A 15 EQ/AllianceBernstein Dyn Wt 1.21% $12.10 N/A St PIB AXA Balanced Strategy 1.08% $10.80 N/A PIB AXA Conservative 1.08% $10.80 N/A Growth St PIB AXA Conservative 1.06% $10.60 N/A Strategy PIB AXA Moderate Growth 1.10% $11.00 N/A Str PIB EQ/AllianceBernstein 1.21% $12.10 N/A Dynws Target % $14.00 N/A Target % $13.00 N/A Target % $13.60 N/A Target % $14.90 N/A Commodities PIMCO VIT CmmdtyRealRetrn Stgy 1.19% $11.90 N/A International Stock AXA Glb Eqty Managed 1.18% $11.80 N/A AXA Int Core Managed 1.09% $10.90 N/A AXA Int Val Managed 1.03% $10.30 N/A AXA International Managed 0.91% $9.10 N/A AXA/Tmp Glb Eqty Managed 1.16% $11.60 N/A EQ/Emerging Markets Eqty 2.21% $22.10 N/A PLUS EQ/MFS International Growth 1.24% $12.40 N/A EQ/Oppenheimer Global 1.42% $14.20 N/A Invesco V.I. International Gr 1.28% $12.80 N/A Lazard Retiremt Emg Mrkts 1.38% $13.80 N/A Eqty MFS International Value 1.21% $12.10 N/A 9

10 Name Table 3 Fees and Expenses Total Annual Operating Expenses As a Per % $1000 Shareholder-Type Fees Money Market EQ/Money Market 0.72% $7.20 N/A Sector Stock Invesco V.I. Glbl Real Estate 1.35% $13.50 N/A Ivy Funds VIP Energy 1.23% $12.30 N/A MFS Technology 1.30% $13.00 N/A MFS Utilities 1.05% $10.50 N/A Multimanager Technology 1.44% $14.40 N/A Van Eck VIP Global Hard 1.34% $13.40 N/A Assets Taxable Bond American Funds Insrnce Srs 0.89% $8.90 N/A Bnd Charter Multi-Sector Bond 1.27% $12.70 N/A EQ/Core Bond Index 0.72% $7.20 N/A EQ/Global Bond PLUS 1.02% $10.20 N/A EQ/High Yield Bond 1.37% $13.70 N/A EQ/PIMCO Global Real 1.86% $18.60 N/A Return EQ/PIMCO Ultra Short Bond 0.86% $8.60 N/A EQ/Quality Bond PLUS 0.85% $8.50 N/A Invesco V.I. High Yield 1.28% $12.80 N/A Ivy Funds VIP High Income 0.93% $9.30 N/A Multimanager Core Bond 1.00% $10.00 N/A Templeton Global Bond VIP 0.76% $7.60 N/A U.S. Stock AXA 2000 Managed 0.94% $9.40 N/A AXA 400 Managed 0.93% $9.30 N/A AXA 500 Managed 0.87% $8.70 N/A AXA Aggressive 1.22% $12.20 N/A AXA Lg Cap Core Managed 0.93% $9.30 N/A AXA Lg Cap Grw Managed 0.90% $9.00 N/A AXA Lg Cap Val Managed 0.88% $8.80 N/A AXA Mid Cap Val Managed 0.99% $9.90 N/A AXA/Fr Sm Cap Val Managed 1.19% $11.90 N/A AXA/Mut Lg Cp Eqty 1.14% $11.40 N/A Managed American Cntry VP Mid Cap 1.16% $11.60 N/A Val EQ/AllianceBernstein Sm Cp 1.01% $10.10 N/A Gr EQ/BlackRock Basic Value 0.96% $9.60 N/A Eqty EQ/Boston Advisors Eqty 1.13% $11.30 N/A Income EQ/Calvert Socially Resp 0.96% $9.60 N/A EQ/Com Stck Index 0.72% $7.20 N/A EQ/Equity 500 Index 0.62% $6.20 N/A 10

11 Name Table 3 Fees and Expenses Total Annual Operating Expenses As a Per % $1000 Shareholder-Type Fees EQ/GAMCO Small Company 1.08% $10.80 N/A Value EQ/Invesco Comstock 1.11% $11.10 N/A EQ/JPMorgan Val 1.02% $10.20 N/A Opportunities EQ/Large Cap Growth Index 0.73% $7.30 N/A EQ/Large Cap Value Index 0.75% $7.50 N/A EQ/Mid Cap Index 0.73% $7.30 N/A EQ/Morgan Stanley Mid Cap 1.08% $10.80 N/A Gr EQ/Small Company Index 0.72% $7.20 N/A EQ/T. Rowe Price Growth 1.14% $11.40 N/A Stock Fidelity VIP Contrafund 0.89% $8.90 N/A Fidelity VIP Equity Income 0.82% $8.20 N/A Fidelity VIP Mid Cap 0.89% $8.90 N/A Goldman Sachs VIT Mid Cap 1.12% $11.20 N/A Val Invesco V.I. Diversified Div 0.98% $9.80 N/A Invesco V.I. Mid Cap Core 1.32% $13.20 N/A Eqty Invesco V.I. Small Cap Equity 1.30% $13.00 N/A Ivy Funds VIP Mid Cap 1.16% $11.60 N/A Growth Ivy Funds VIP Small Cap 1.16% $11.60 N/A Growth MFS Investors Gr Stock 1.07% $10.70 N/A MFS Investors Trust 1.06% $10.60 N/A Multimanager Aggressive 1.03% $10.30 N/A Equity Oppenheimer Main Strt Fund/VA 1.04% $10.40 N/A The cumulative effect of fees and expenses can substantially reduce the growth of your retirement savings. Visit the Department of Labor s Web site for an example showing the long-term effect of fees and expenses at Fees and expenses are only one of many factors to consider when you decide to invest in an option. You may also want to think about whether an investment in a particular option, along with your other investments, will help you achieve your financial goals. Part III. Annuity Information Table 4 focuses on the annuity options under the plan. Annuities are insurance contracts that allow you to receive a guaranteed stream of payments at regular intervals, usually beginning when you retire and lasting for your entire life. Annuities are issued by insurance companies. Guarantees of an insurance company are subject to its long-term financial strength and claims-paying ability. 11

12 Table 4 Annuity Options Name Objectives / Goals Pricing Factors Restrictions / Fees To provide a guaranteed The cost of each share stream of income for a depends on your age and specific period of time or interest rates when you for your life. annuitize. Fixed annuity payout options: - Life annuity - Life annuity with period certain - Life annuity with refund certain - Period certain annuity Variable Immediate Annuity payout options: - Life annuity - Life with period certain Payment amounts are based on your life expectancy only and would be reduced if you choose a joint and survivor benefit. Please visit for a glossary of investment terms relevant to the investment options under this plan. The following information will be provided upon request: Copies of prospectuses for the variable annuity contract and the Variable Investment Options Copies of any financial statements or reports such as SAIs Statement of the value of a unit of each Variable Investment Option as well as valuation date 12