• Overview
• Group Annuity
  Retirement Plans
  • EQUI-VEST 403(b) TSA
  • EQUI-VEST 457(b) EDC
  • EQUI-VEST SEP
  • EQUI-VEST SIMPLE IRA
  • Retirement Gateway^®
• Life Insurance
  • Corporate Owned Incentive Life
  • Athena Univeral Life -
    Employer-Sponsored
    Life Insurance
• Individual 401(k)
  • Owners 401(k)

A 403(b) Plan Helps Employees Save for Retirement

Employees of educational institutions and non-profit organizations may be able to take advantage of a 403(b) plan when planning for retirement. A 403(b) plan is similar to a 401(k) – it allows employees to contribute to a retirement savings account where contributions and investment earnings can potentially grow and compound tax-deferred until withdrawals are made.

For employers looking for tools and information about a 403(b) plan AXA Equitable offers many helpful online resources.

Learn more about a 403(b) plan

Tools And Resources For Employers On 403(B) Plans

Founded in 1859, AXA Equitable is a leading financial protection company with a history of providing innovative life insurance, and annuity products.

For employers considering or implementing a 403(b) plan, AXA Equitable offers a 403(b) online information center full of helpful resources. In this section you’ll find:

• Tools and services to help you with your plan. View a plan document and document updates, sample information sharing and hold harmless agreements, bulletins and alerts for communicating with employees, and transaction-monitoring assistance for tracking contributions and contribution limits and much more.
• Plan administration services – Link to PlanConnect, a full-service third party administrator (TPA). PlanConnect offers employers menu-driven  403(b) plan administration services designed to meet your plan management needs.  Click on the PlanConnect link for more information. 
• Plan Compliance Education including a compliance guide complete with a checklist to make sure your 403(b) conforms to all regulations, information on common potential violations, and suggestions for what to do if you uncover violations or if your plan is audited.

For Employees: Should You Contribute To Your Organization’s 403(B) Plan?

If your employer offers a 403(b) plan, it’s an excellent opportunity for you to build your retirement income. You can contribute a certain portion of your salary each pay period in your plan, and your employer may even contribute to your account as well. You can invest your money in a diverse portfolio of investment options and you’ll pay no taxes on the earnings until you withdraw the money for retirement. The combination of pretax contributions and tax deferral may help you build a sufficient retirement fund, depending on the performance of your investments in your 403(b).

Learn more about AXA Equitable and a 403(b) plan, as well as other financial products to fund your life insurance plan including, variable life insurance, and whole life insurance.

 

Withdrawals from  403(b) plans are subject to normal income tax treatment and if made prior to age 591/2 may be subject to an additional 10% federal income tax penalty.

AXA Equitable Life Insurance Company (NY, NY). Securities are offered through an affiliate, AXA Advisors, LLC (Member SIPC).

PlanConnect, LLC is a wholly owned subsidiary of AXA Distribution Holding Corporation, an indirect subsidiary of AXA Financial, Inc.

Please be advised that this document is not intended as legal or tax advice. Accordingly, any tax information presented 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.

AXA Equitable, AXA Advisors, PlanConnect, LLC,  AXA Distribution Holding Corporation, AXA Financial, Inc are affiliated companies and do not provide legal or tax advice.Because you may be purchasing or contributing to an annuity contract to fund a tax qualified retirement plan or arrangement [qualified employer sponsored retirement] [individual retirement plan] arrangement, you should do so for the [variable] annuity’s features and benefits other than tax deferral.  For such cases, tax deferral is not an additional benefit of the variable annuity.  You may want to consider the relative features, benefits and costs of the annuity with any other investment that you may use in connection with your retirement plan or arrangement.

 

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