AXA, a leader in providing financial security and retirement
products, announced today its newest addition to the defined
contribution marketplace: AXA Retirement 360SM, an open
architecture defined contribution mutual fund program designed for
401(k), 403(b), 457(b) and 401(a) plans.
“We are bolstering our commitment to providing programs that fit
the specific needs across markets, including both tax-exempt and
401(k) markets,” said Kevin Molloy, Head, AXA Retirement Plan
Services. “With 50 years of experience in the US marketplace as a
guide, we conducted research, listened to our clients and designed
AXA Retirement 360℠, an offering that enhances the strengths of our
proven recordkeeping platform. To best deliver what plan sponsors
and their employees have asked for, we built an open architecture
investment program and invested in intuitive technology that allows
for ease of set-up and ongoing management for plan sponsors and
participants. As with all of our programs, it is backed by
dedicated support from our nationally recognized US-based customer
service team.”
AXA Retirement 360℠ features access to the broad mutual fund
marketplace as well as a non-mutual fund option for retirement
certainty with the AXA Fixed Account SM through a group fixed
annuity from AXA Equitable Life Insurance Company, which offers
principal protection, liquidity and a guaranteed minimum interest
rate on savings.
For employers: Effortless management and fiduciary
protection
- AXA’s streamlined, intuitive website
and dedicated team of retirement professionals provide the tools
and assistance employers need every step of the way. While a
dedicated onboarding specialist manages the plan’s setup and
transition via an all-paperless process, plan sponsors and their
advisors can track onboarding progress with complete transparency
through real-time updates so they always know the status of plans
in progress.
- Flexibility to choose from different
levels of fiduciary protection through Wilshire Associates, an
independent professional investment advisory and consulting firm,
in the selection and oversight of their plan’s investment lineup,
built directly into the platform.
For employees: Personalized guidance and retirement
certainty
- AXA Retirement 360SM provides tools and
resources, so employees can educate themselves at their own pace,
throughout the enrollment process and beyond. They can use a
guided, jargon-free enrollment tool and live chat option to make
decisions with confidence.
- Simple investment selection process,
with options to select funds based on their retirement date or risk
tolerance, as well as the option for the AXA Fixed Account,
tailored for those concerned with principal protection or those who
want a degree of retirement certainty.
U.S.-based service and support team
When employers and employees need help, they speak to our
experienced US based representatives who are well-versed in 401(k)
and tax-exempt retirement plans and who support over one million
plan participants.
The powerful simplicity of AXA Retirement 360℠ and our team of
retirement professionals provide the tools and assistance to lead
plan sponsors and participants through the small manageable steps
to prepare for a comfortable retirement.
Mutual funds are subject to market risk, including loss of
principal. Please consider the charges, risk, expenses, and
investment objectives carefully before purchasing a mutual fund.
For a prospectus containing this and other information, please
contact a Financial Professional. Read it carefully before you
invest or send money.
AXA believes that education is a key step toward addressing your
financial goals, and this discussion serves simply as an
informational and educational resource rather than investment
advice, nor does it make a direct or indirect recommendation of any
particular product or of the appropriateness of any particular
investment-related option. Your unique needs, goals and
circumstances require the individualized attention of your
financial professional. Annuities are long-term products used for
retirement purposes. They 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. Annuities
contain certain limitations and restrictions. For costs and
complete details, contact a financial professional. All guarantees
are based on the claims-paying ability of AXA Equitable Life
Insurance Company. Since 401(k) plans are tax-deferred, annuities
used to fund 401(k) plans do not offer any extra tax benefits.
Amounts withdrawn may be subject to ordinary income taxes and a
withdrawal charge. If amounts are rolled over from another eligible
retirement plan, then these amounts may be subject to an additional
10% federal income tax penalty if you later take a distribution
before age 59½. Other taxes may also apply; consult your tax
advisor. The AXA Retirement 360SM 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) 314-4600. 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
ServicesSM platform includes recordkeeping, trading and custodial
services to plan sponsors for the program. Reliance Trust Company
serves as custodian of mutual funds selected by plan participants.
PlanConnect, LLC, serves as the platform’s recordkeeper and
third-party administrator. AXA Retirement Plan ServicesSM and AXA
Retirement 360SM 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 13202. (800) 923-6669). 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.
GE-124667(03/17)(exp.03/19)
About AXA
“AXA” “AXA” is a brand name of AXA Equitable Financial
Services, LLC and its family of companies, including AXA Equitable
Life Insurance Company (NY, NY), MONY Life Insurance Company of
America (AZ stock company, administrative office: Jersey City, NJ),
AXA Advisors, LLC, and AXA Distributors, LLC. In business since
1859, AXA Equitable Life Insurance Company is a leading financial
protection company and one of the nation’s premier providers
of life insurance and annuity products distributed to
individuals and business owners through its retail distribution
channel, AXA Advisors, LLC (member FINRA, SIPC) and to the
financial services market through its wholesale distribution
channel, AXA Distributors, LLC (member FINRA, SIPC).
AXA S.A. (also referred to as “AXA Group”) is a
Paris-headquartered holding company for a group of international
insurance and financial services companies, including AXA Equitable
Financial Services, LLC companies. AXA S.A. is a worldwide leader
in financial protection strategies and wealth management with 103
million clients in 64 countries. AXA S.A. has been ranked the No. 1
insurance brand in the world by Interbrand for eight consecutive
years as of Oct. 5, 2016.
The obligations of AXA Equitable Life Insurance Company and MONY
Life Insurance Company of America are backed solely by their
claims-paying ability. Find AXA
on Facebook, Twitter and LinkedIn. For more
information, visit www.axa.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170406005819/en/
Media:AXAJohn Cline, (212)
314-5142john.cline@axa.us.comorJennifer Recine, (212)
314-2009jennifer.recine@axa.us.com
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