The board seemed engaged and concerned that OCPS employees’ retirement savings are being raided. AXA may waive this fee if your account value is higher than $50,000. There will also be district HR and TPA forms to take care of. by gr7070 » Fri Oct 18, 2019 11:02 am, Post He finally told me that he gets 5% of every dollar I invest, plus the cost of the funds. The amount of fees varies greatly depending on the product. My own stupidity for not checking on that before I started investing. That’s getting to be serious money! According to one analysis from the independent investment research company Morningstar, the most popular version of the AXA Equi-Vest annuity has total annual … The K-12 403(b) is broken. A slight increase in fees can substantially reduce the growth in your account which will reduce your income in retirement. That would be a good deal. It is similar to other retirement plans and is available to certain employees of public schools, tax-exempt organizations and ministers. tchasteen- honestly, I wasn't even aware Vanguard waived the $15/fund. In your Investment Account, expenses range from 0.58% to 2.60%. Our human resources lady said if I can get 5 people interested in Vanguard's plan, the district could try to add them. https://www.403bcompare.com/products/153#/investmentoptions. by runner9 » Tue Feb 14, 2017 7:46 am, Post Does anyone know what the AXA 403(b) fees are? As far as investment-specific fees go, the company states that investments in your Protected Benefit Account come with expenses that range from 0.98% to 2.46%. They presented information in a deceptive fashion. If you compare the return of the sub account over a calendar year with that of say the Fidelity S&P 500 mutual fund (ER of 0.04%? by tchasteen » Tue Feb 14, 2017 5:31 pm, Post The average fees associated with operating small 403(b) plans vary widely. This is the screenss of the plans available. Equitable is the brand name of the retirement and protection subsidiaries of Equitable Holdings, Inc. Equitable Financial Life Insurance Company (Equitable Financial) and its affiliates do not guarantee the accuracy or applicability of the information included in any customer review. Rolling over a 403(b) into another retirement account is likely the best strategy for someone after they switch jobs or leave the workforce. I was a new teacher and just following what everyone else wad doing, then I found bogleheads... Take a look at this document. Cashing out a $10,000 403(b) for a teacher in a 28 percent tax bracket will include a $1,000 penalty and $2,800 in taxes. Assuming you have the variable annuity, I didn’t mention the AXA $30 per year Administration fee, or the 5% surrender fee that you would pay for each of the last 6 “contract years”. I think for Vanguard's 403b you do not have access to admiral shares. by KESP » Sat Feb 11, 2017 1:57 pm, Post See if anyone currently using them will print off what their contract is. GE69880(9/12) Cat. This would give people access to both Vanguard and Fidelity options, along with a bunch of others. You can participate by making pre-tax contributions and/or Roth 403(b) or 457 after-tax contributions. ariel, December 27, 2019 in 403(b) Forum. by krow36 » Mon Feb 13, 2017 10:12 pm, Post Here’s an illustration of the effect of fees over time. Just as is the case for small 401(k) plans, the cost of running small 403(b) retirement plans varies widely by provider. Connect with other teachers through our 403bwise Facebook group. The company has an AA rating through Standard and Poor's but was given a negative outlook by the credit rating company in February 2009. by Duckie » Fri Feb 10, 2017 8:42 pm, Post ). The best 403(b) plans are low-cost with a broad range of asset classes and probably won't have enough of a marketing budget from their relatively low-fees for salespeople to chase you down. When it comes between choosing between a 403b direct with Fidelity, direct with Vanguard or with Aspire self directed using either Vanguard or Fidelity, there is very little difference in costs. The first tab is the 403 b and the second tab is the roth ira. You can look over AXA’s MF based plans on the 403bcompare website even though they are no longer used in CA. For example, let’s just say you had an AXA 403(b). What state are you in? The 403(b) is a retirement plan offered by public schools and certain tax-exempt organizations. The fund names I gave were those for Vanguard. There is a Management/Wrap Fee of $7.50 per quarter or $30 per year. The average fees associated with operating small 403(b) plans vary widely. ), you will see that the AXA annuity sub account’s return is at least 1.8% lower than that of Fidelity or Vanguard.