AXA Equitable Life Insurance Company recently launched Retirement Gateway, a group variable annuity designed for the small- to mid-size market.
"At a time when 401(k) assets are again viewed as an important way to help Americans reach their retirement goals, providing plan sponsors with a full-service retirement benefit is critical," said Nick Lane, president of the Retirement Savings division of AXA Equitable.
Retirement Gateway includes a broad range of investment options, fiduciary support, administration support and service, and ongoing, interactive and customizable employee education and service. In addition to the traditional 401(k) plan, Gateway supports other retirement benefit plan types including profit-sharing, age-weighted/new comparability plans, money purchase plans, Safe Harbor plan provisions and a Roth 401(k) feature.
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