457 Plan - AXA Equitable

Help Your Employees Save For Retirement With A 457 Plan

A 457 plan is an employee retirement plan that state, county and local government agencies as well as certain other tax-exempt organizations can offer to their employees. Like a 401(k) or a 403(b), a 457 plan allows employees to contribute a portion of their earnings, which can grow tax-deferred until the money is withdrawn, usually at retirement.

When you’re seeking a cost-effective 457 plan with a wide range of investment options, consider the 457 plan funding options offered by AXA Equitable.

Learn more about 457 plan funding options from AXA Equitable

457(b) employee deferred compensation (EDC) plan funding – a cost-effective 457 plan funding option

As a leading life insurance company and provider of financial protection and other financial products, AXA Equitable offers a 457 plan funding option that can provide employees with a convenient way to assist their retirement planning. AXA Equitable’s EQUI-VEST^® 457(b) EDC is a variable annuity used to fund a 457 plan that offers:

Investment options including more than 70 separate investment options to select from
Asset Allocation Portfolios that enable employees to mix assets in order to pursue their investment goals
Asset Class-Specific Portfolios that are focused on a single asset class and are designed for investors who want to structure their portfolios themselves and select their own asset allocations
A Guaranteed Interest Option (GIO) that provides a fixed rate of return

A 457 plan funded with the EQUI-VEST^® 457(b) EDC can provide your employees with:

Automatic asset rebalancing
Dollar cost averaging
Account balance access for loans, withdrawals and annuity payouts
Standard death benefit
Beneficiary continuation option

Streamline plan management and administration of your 457 plan

Managing a 457 plan can be a complex and time-consuming task, but AXA Equitable helps make it easier by helping to streamline plan management and administrative tasks. Using AXA Equitable’s administrative and record-keeping services, you can simplify routine tasks and provide your employees with:

A welcome guide that provides an overview of their 457 plan
Confirmation notices of their plan contributions, transfers and withdrawals
Statements of Account that highlight asset allocation, account value and performance results for each quarter
Access to account information via telephone and the Internet
Online services that offer a consolidated view of their contracts 24/7

Learn more about AXA Equitable’s 457 plan as well as new and innovative variable annuities like Retirement Cornerstone^SM and Structured Capital Strategies^SM.

Because you are purchasing or contributing to an annuity contract to fund a tax qualified retirement plan or 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.

You should carefully consider your investment objectives and the charges, risks, and expenses of a variable annuity, as stipulated in the prospectus, before investing. For a prospectus containing this and other information, contact your Financial Professional. Please read it carefully before investing or sending money.

This summary is not a complete description of all of the material provisions of the contract. Certain types of contracts, features and benefits may not be available in all jurisdictions.

Variable annuities are long-term financial products designed for retirement purposes. In essence, annuities are contractual agreements in which payment(s) are made to an insurance company, which agrees to pay out an income or a lump sum amount at a later date. There are contract limitations and fees and charges associated with annuities, which include, but are not limited to, mortality and expense risk charges, sales and withdrawal charges, administrative fees, and charges for optional benefits. A financial professional can provide cost information and complete details.

Guarantees are based on the claims-paying ability of AXA Equitable.

Amounts in variable investment options are subject to fluctuation in value and market risk, including loss of principal. You will incur higher costs with asset allocation portfolios than if you were to invest directly in the underlying portfolios.

Withdrawals from annuity products are subject to normal income tax treatment and if taken prior to age 59 ½ may be subject to an additional 10% federal income tax penalty. Withdrawals from annuities may also be subject to a contractual withdrawal charge.

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.

EQUI-VEST^® and Retirement Cornerstone^®are registered service marks of AXA Equitable Life Insurance Company and Structured Capital Strategies is a service mark of AXA Equitable Life Insurance Company.

EQUI-VEST® Contract form #s: 2006BASE-I-A/B, 2006BASE-A/B, 2008EQVTSA201, 2008EQV201, 2008EQVBASE201-A, and any state variations

Annuity products are issued by AXA Equitable Life Insurance Company (NY, NY) and distributed by an affiliate, AXA Advisors, LLC, member SIPC. AXA Equitable and AXA Advisors do not provide tax or legal advice.

GE 60791 (6/11)