Ohio Association of School Business Officials 457 Deferred Compensation Plan | Equitable

Planning for a comfortable retirement with Equitable

Equitable's 457 product approved for OASBO is built to adapt to your changing needs. Helping you transition from growth potential to guaranteed income.

As an employee of a participating school district of the Ohio Association of Business Officials (OASBO), you have access to your employer's defined compensation plan.  Equitable is pleased to be the provider of this plan.

You have the opportunity to participate in either an Equitable 457, potentially in addition to a 403(b), retirement plan to help you build assets for the future in a way that is convenient and flexible. 

Have questions? Call us at (866) 401-3030, option 3, so we can connect you with your local financial professional.

 

EQUI-VEST® Strategiessm plan benefits

Our 457 product approved for OASBO is built to adapt to your changing needs.  When you’re ready, it helps you seamlessly transition from growth potential to guaranteed income for you and your family, all in one place. 

Growth potential

Under our 457 plan offering, you can choose how to invest your account from:

  • 100+ investment options, that will fluctuate in value, based on market performance;
  • An option that provides safety of principal and guaranteed interest, regardless of what happens in the market.
  • Guaranteed income — when you’re ready, you can elect to turn your retirement assets into a stream of income payments that you cannot outlive. 

The investment options are managed by leading investment management companies you know and trust.

The value of the variable investment options within annuities will fluctuate and is subject to market risk, including the possible loss of principal.

Market participation with some downside protection

One of the available investment options allows you to participate in market gains, up to a cap and receive some downside protection as well.  This option may help you feel more confident about building your assets, because it can help smooth out your investment returns.

You choose to invest in a specific Segment, based on the available market index you want to track, how long you’d like to invest and how much downside protection you need.  Then, when the Segment reaches its maturity date, you receive an investment return, up to a cap.  If the Segment declines, you’re protected from the first -10% or -20%, depending on the Segment. Once the Segment has matured, you have the flexibility to stay in the same Segment or select a new one, depending on your goals.

Tax deferral

With EQUI-VEST Strategies, you don’t pay tax on your contributions or the accumulated earnings in your account until they are withdrawn or distributed. That can help your assets grow more quickly than if they were in a taxable account.

Flexible, tax-free transfers

You can allocate your assets in the way that best meets your needs, and transfer them to different investment options at any time, tax-free. 

Guaranteed income

When you’re ready, you can elect to turn your retirement assets into a stream of income payments that you cannot outlive. 

Want more information?

Download our OASBO Plan for Retirement brochure, and list of Investment Options.  The prospectus and any prospectus supplement(s) contain all the details and information you’ll need to know about this product.

Additional Resources

You may also:

  • Call us at (866) 401-3030, option 3, so we can connect you with your local financial professional
  • Request a personal meeting

EQUI-VEST® Strategies is sold by Prospectus only.

Please consider all of the charges, risks, expenses, investment objectives, and complete details of coverage carefully before purchasing a variable annuity. For this and other information please contact your local Iowa Equitable Advisors financial professional and read the prospectus and any applicable supplements carefully before you invest or send money.

Managing your retirement account is easy

Once you enroll, you can make transfers, check your balances, and take distributions, using whichever method you prefer:

  • Obtain assistance from a local financial professional by calling (866) 401-3030, option 3, Monday-Friday between the hours of 9:00 AM and 5:00 PM Eastern Time. 
  • Access your account online by registering on equitable.com.
  • Call (800) 628-6673* to hear your current account value, change allocations for future contributions, or transfer amounts among the available investment options.
  • Review your Account Statements and Confirmation Notices.  You’ll receive a confirmation notice each time we receive a contribution on your behalf, and a quarterly statement detailing all of your activity in a given quarter. This information is available online, anytime you need it.

*Request complimentary translation services with customer service when foreign language support is needed. Follow the steps provided here.

Make transfers if your needs change

With EQUI-VEST® Strategiessm, you are free to transfer among the available investment options, without any charge or fee, whenever your needs or goals change1. There are no taxes taken so your assets continue to grow tax-deferred until you withdraw them.

Rebalance to keep your assets in line with your strategy

If your allocations get out of balance, you can bring them back to their original percentages automatically with asset rebalancing. Just choose quarterly, semiannual, or annual rebalancing, and you can start or stop at any time, at no cost to you. Rebalancing doesn't assure you a profit or automatically protect you from loss.

Take income from your plan

When you’re ready to take retirement income, you have a number of payout options, including systematic withdrawals, lump-sum payments and lifetime income options.

These distributions are taxable as ordinary income and, if you take them prior to age 59½, you’ll pay an extra 10% federal income tax penalty. Other taxes may also apply. Consult your tax advisor if you have questions.

1 Restrictions apply to prevent disruptive transfer activity. 

Please refer to the prospectus, supplements, and statement of additional information for complete information on distributions.

Go to prospectus

Talk to a financial professional

Our experienced financial professionals can work closely with you to help you design a retirement strategy that meets your specific needs, goals and risk tolerance. They can also set up periodic financial check-ups to review your strategy and make any necessary changes.  Whether you attend an educational seminar, sit down face-to-face with a financial professional or communicate over the phone, getting advice from a professional can help you retire with confidence. 

Call us at (866) 401-3030, option 3, so we can connect you with your local financial professional.

Please keep in mind that there is risk of substantial loss of principal because the investor agrees to absorb all losses that exceed the protection provided by the SIO at maturity.

The actual Performance Cap Rate will not be known by the investor prior to the Segment start date.

Variable annuities are long-term financial products designed for retirement purposes. In essence, an annuity is a contractual agreement in which payments are made to an insurance company, which agrees to pay out an income or a lump sum amount at a later date. There are fees and charges associated with variable annuities, which include, but are not limited to, mortality and expense risk charges, sales and surrender charges, administrative fees, and charges for optional benefits. The variable investment options offered in this contract will fluctuate in value and are subject to market risk, including loss of principal. 

All guarantees described herein are subject to the claims-paying ability of Equitable Financial Life Insurance Company. Guarantees do not apply to variable investment options. 

Because this EQUI-VEST Strategiessm annuity contract would be used to fund a retirement plan, participants should be aware that such annuities do not provide tax deferral benefits beyond those already provided by the Internal Revenue Code. Before purchasing, individuals should consider whether its features and benefits beyond tax deferral meet their needs and goals. Participants may also want to consider the relative features, benefits and costs of this annuity with any other investment that they may use in connection with their employer’s retirement plan or arrangement. 

Certain types of contracts, features and benefits may not be available in all jurisdictions or in all 403(b) or 457 plans. 

Please be advised that this information is not intended as legal or tax advice. Accordingly, any tax information provided on this page is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. The tax information was written to support the promotion or marketing of the transaction(s) or matter(s) addressed and participants should seek advice based on their particular circumstances from an independent tax advisor. Equitable Financial, Equitable Advisors, and Equitable Distributors do not provide tax or legal advice and are not affiliated with the OASBO. 

EQUI-VEST® is a registered service mark and Strategiessm is a service mark of Equitable Financial Life Insurance Company, New York, NY 10104. EQUI VEST® Strategiessm is issued by Equitable Financial Life Insurance Company. Co-distributed by Equitable Advisors, LLC and Equitable Distributors, LLC (member FINRA, SIPC). 

Series 901 form #s: 2008TSAGAC901, 2011SIO901-ENGAC, and any state variations. Certificate #s: 2008TSA901-A/B, 2011SIO901-A/B, 2012RDPIB, and any state variations. 

GE-7743386.1 (03/2025) (Exp. 03/2029)