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EQUI-VEST® 457(b) EDC
A Cost-effective Approach for Retirement
Administrative and Record Keeping Services
Investment Options
Features and Benefits
Innovative Communication Tools
For more complete details, please download the current EQUI-VEST® variable deferred annuity prospectus, any applicable prospectus supplements and the product fact card, above.
- Key Features
- Next Steps
Key Features
A Cost-effective Approach for Retirement |
EQUI-VEST® 457(b) EDC is a cost-effective group variable deferred annuity contract1 that offers employees a convenient way to contribute and invest for retirement.
This contract is designed specifically for plans of:
Contributions to, and any earnings within, an EQUI-VEST® 457(b) EDC are not subject to federal income tax until they are withdrawn. Since contributions are made on a pre-tax basis, taxable income is reduced and immediate tax savings are obtained. Variable deferred annuities are long-term retirement contracts designed to accumulate funds and then to provide lifetime payments.There are fees and charges associated with annuities, which include, but are not limited to, mortality and expense risk charges, sales and withdrawal charges, and administrative fees. |
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Administrative and Record Keeping Services |
Through our Employer Plan Administration Center (EPAC), AXA Equitable offers administrative and record keeping services designed to simplify and streamline the day-to-day activities of managing your plan. Plan sponsors will be able to:
Click here to view a demo. |
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Investment Options |
EQUI-VEST® 457(b) EDC offers a wide range of investment options2 across different asset classes.
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Features and Benefits |
The features and benefits available in an EQUI-VEST® 457(b) EDC contract meet a myriad of needs for employees’ retirement savings. Depending on how a plan is structured, employees may have access to: Features
Benefits
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Innovative Communication Tools |
EQUI-VEST® 457(b) EDC provides a full complement of communications that can help administer plans and helps plan participants monitor their account progress and helps them make financial decisions. Participants will receive:
Beyond statements and notices, participants can access their accounts via telephone and the Internet:
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1 Funding a tax qualified retirement plan or arrangement with an annuity does not provide any additional tax benefits, however, doing so can provide you with additional insurance benefits and contract features beyond tax deferral. You may 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. Participants may want to consider the relative features, benefits and costs of this annuity with any other investment that they may have in connection with their retirement plan or arrangement.
2 Amounts in variable investment options are subject to fluctuation in value and market risk, including loss of principal. Participants will incur higher costs with asset allocation portfolios than if they were to invest directly in the underlying portfolios. Guarantees are based on the claims-paying ability of AXA Equitable.
3 Internal Revenue Code Section 457 places restrictions on certain withdrawals from
457(b) plans. Contributions to a 457(b) plan (including EQUI-VEST® EDC contract) and earnings may not be withdrawn unless the participant separates from service, attains age 70½, dies or becomes disabled in accordance with the provisions of the Internal Revenue Code. The premature distribution penalty that generally applies to qualified retirement plans does not apply to IRC Section 457 plans except to the extent that the distribution is attributable to rollovers from a 403(b) or other qualified plan. Note amounts rolled over into a 457(b) must be tracked separately under the Internal Revenue Code.
This is not a complete description of the EQUI-VEST® 457(b) EDC variable annuity contract. Variable annuities have limitations. For costs and complete details, contact a financial professional. Variable annuities, such as EQUI-VEST®, are offered by prospectus only. The prospectus contains information about the product’s features, risks, charges and expenses, and the investment objectives, risks and policies of the underlying portfolios, as well as other information about the underlying funding choices. Please click here or contact your financial professional to obtain a prospectus for complete details. Read the prospectus and consider this information carefully before you invest or send money. Product availability and features will vary by state. This product is available for funding 457(b) plans in most states and the District of Columbia. It is not available in New York and Puerto Rico. We offer other variable annuity contracts with different fees, charges and features, for more information on availability contact us (212-554-1234). Variable annuities are issued by AXA Equitable Life Insurance Company and are distributed by an affiliate, AXA Advisors, LLC, member SIPC. AXA Equitable and AXA Advisors do not provide tax or legal advice.
Please be advised that this page is not intended as legal or tax advice. Accordingly, any tax information provided on this page 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® is a registered service mark of AXA Equitable Life Insurance Company, New York, NY 10104.
Contract form #s: 2006BASE-A/B, 2006BASE-1-A/B, 2008EQV201, 2008EQVBASE201-A, any state variations
GE-48586 (3/09)
Next Steps
Professional Guidance Counts
Your financial professional can be an invaluable resource in helping you:- Complete a financial needs analysis
- Evaluate the financial strategies available to you, and
- Select appropriate financial products designed to help you reach your goals
