This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AXA Equitable Teams With Wilshire Associates To Offer Investment Selection And Monitoring Services To Small- And Mid-Size Plan Sponsors

NEW YORK, April 21, 2011 /PRNewswire/ -- AXA Equitable Life Insurance Company announced today that it has teamed with Wilshire Associates Incorporated ("Wilshire®"), an independent, third-party adviser, to provide advanced support to help plan sponsors meet their fiduciary obligations in screening, selecting and monitoring investment options. These services are available as part of the company's new Retirement GatewaySM (Gateway) group variable annuity designed to fund retirement plans for the small- to mid-size market.  

Wilshire has been offering investment analytics, research and advisory services to the large plan institutional market since 1972. Through its relationship with AXA Equitable, Wilshire now brings this experience to the small- and mid-size market with comprehensive manager due diligence, investment manager recommendations, investment policy guidance, and investment monitoring and reporting.

"One of the biggest concerns of business owners is meeting fiduciary obligations under ERISA, and research shows that plan sponsors in the smaller market are not fully aware of what is expected of them as a plan fiduciary," said Mark Scalercio, senior vice president and head of AXA Equitable's Employer Sponsored division. "Sponsor obligations are the same regardless of plan size, and Wilshire helps us bring large plan fiduciary services to smaller plans, giving owners the support to manage their obligations, protect themselves and their participants, and focus on running their businesses."

Wilshire offers two levels of support to Gateway clients providing sponsors with choice and flexibility. The 3(21) Series designed for those who wish to retain primary responsibility for investment selection. The 3(38) Series designed for those who prefer Wilshire to have discretion over investment selection decisions.

"We are excited that our relationship with AXA Equitable will allow us to efficiently offer smaller businesses the independent investment advisory solutions and services we have been providing to institutional plans for decades," said Jamie Ohl, president of Wilshire Funds Management. "With the Department of Labor poised to provide new plan fiduciary regulations later this year, now is the time for us to begin supporting a broader range of plan sponsors."

Scalercio added, "We believe sponsor and participant needs are the same, whatever the plan size or type. Some providers have offered 3(21) services for the smaller market for some time. But we're one of the first providers to offer 3(38) to this market, making this a unique piece of the Gateway platform."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASDAQ 4,776.5080 -51.8170 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs