NEW YORK – AXA, a leader in providing financial security and retirement products, announced 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 throughWilshire 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 360SMprovides 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.