# EDGAR Filing Document

**Accession Number:** 0001397934
**File Stem:** 0001193125-26-179771
**Filing Date:** 2026-4
**Character Count:** 47380
**Document Hash:** d06f57cb068347f0e38a157140d368b2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-179771.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001193125-26-179771

**CONFORMED SUBMISSION TYPE**: 497VPI

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**EFFECTIVENESS DATE**: 20260427

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SEPARATE ACCOUNT NO. 4
- **CENTRAL INDEX KEY:** 0001397934

**ORGANIZATION NAME:**
- **EIN:** 135570651
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497VPI
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-142461
- **FILM NUMBER:** 26897148

**BUSINESS ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** 212-554-1234

**MAIL ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SEPARATE ACCOUNT 4 OF EQUITABLE FINANCIAL LIFE INSURANCE CO
- **DATE OF NAME CHANGE:** 20200616

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SEPARATE ACCOUNT 4 OF AXA EQUITABLE LIFE INSURANCE CO
- **DATE OF NAME CHANGE:** 20070427

## Series and Classes Contracts Data

### Separate Account NO. 4 (Series ID: S000018284)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000050406 | Retirement Investment Account |  |

Retirement Investment Account<sup>®</sup>

**Equitable Financial Life Insurance Company** 

**Issued through:** 

**Separate Account No. 66** 

**Separate Account No. 3** 

**Separate Account No. 4** 

**Separate Account No. 10** 

**Summary Prospectus for New Investors** 

**May 1, 2026** 

This summary prospectus (the "Summary Prospectus") summarizes key features of the contract. Before you invest, you should also review the statutory prospectus (the "Prospectus") for the contract, which contains more information about the contract's features, benefits, and risks. You can find this document and other information about the contract online at www.equitable.com/ICSR#EQH146682. You can also obtain this information at no cost by calling 1-877-522-5035, by sending an email request to EquitableFunds@dfinsolutions.com, or by calling your financial intermediary.

The Retirement Income Account ("RIA")<sup>®</sup> is an investment program that allows employer plan assets to accumulate on a tax-deferred basis. This Summary Prospectus only describes RIA. The contracts provide for the accumulation of retirement savings and for income. They also offer a number of payout options.

You invest to accumulate value on a tax-deferred basis in one or more of our investment options. RIA includes the contract described in this Summary Prospectus, which is a variable and fixed flexible premium deferred group annuity contract. When we refer to "RIA," we are usually referring to this annuity contract. The contract offers the following investment options: 1) variable investment options, each of which invests in a mutual fund (a "Portfolio") of EQ Advisors Trust (the "Trust"); 2) pooled separate accounts, which are managed accounts that each invest in a portfolio of securities ("Pooled Separate Accounts" or "Funds"); and 3) a guaranteed interest option, which we credit interest to daily and which we guarantee all principal and previously credited interest. **The availability of investment options will vary by employer, and you should refer to your plan documents for a list of the investment options available to you.**

**The Securities and Exchange Commission has not approved or disapproved these securities or passed upon the adequacy of this prospectus. Any representation to the contrary is a criminal offense.**

The contract is a complex investment and involves risk, including potential loss of principal. You should speak with a financial professional about the features, benefits, risks, and fees and whether the contract is appropriate for you based on your financial situation and objectives. The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in withdrawal charges, taxes, and tax penalties. Our obligations under the contract are subject to our financial strength and claims-paying ability.

Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.

#55325

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Overview of the contract

**Purpose of the Contract.** RIA is an investment program designed for employer plans that qualify for tax-favored treatment under Section 401(a) of the Code. RIA consists of two group annuity contracts ("contracts") issued by the Company, including the variable and fixed group annuity contract described in the Prospectus, a Master Retirement Trust agreement, a participation or installation agreement, and an optional participant recordkeeping services ("PRS") agreement. Plan participants should refer to the provisions of their plan that describes their rights in more specific terms.

The contract is designed to help you accumulate assets through investments in the guaranteed interest option, the variable investment options, and the Pooled Separate Accounts. It can provide or supplement your retirement income by offering a variety of benefit payment options, which are subject to the provisions of your employer's plan. Plan participants should consult their employer for details. An employer's plan may allow a choice of one or more forms of distribution. The contract may be appropriate if you have a long-term investment horizon. It is not intended for people who may need to access invested funds within a short-term timeframe or frequently.

**Phases of the Contract.** The contract has two phases: an accumulation (savings) phase and an income (annuity) phase.

***Accumulation (Savings) Phase***

During the accumulation phase, you can allocate your contributions to one or more of the investment options available under the contract. The maximum number of active options your employer may select at any time is 25. Plan participant choices will be limited to the investment options selected by their employer.

***Investment options***

We offer various investment options under RIA, including the Pooled Separate Accounts, the variable investment options, and the guaranteed interest option. Each Portfolio in which a variable investment option invests and each Pooled Separate Account has a different investment objective. The Portfolios and Pooled Separate Accounts try to meet their investment objectives by investing in a portfolio of securities. We cannot assure you they will meet their investment objectives.

**For additional information about each investment option see Appendix: "Investment Options Available Under the Contract."** 

***Guaranteed interest option***

The guaranteed interest option is a fixed option that is part of our general account. This option pays interest at guaranteed rates and we guarantee principal and previously credited interest. The amount allocated to the guaranteed interest option earns interest at the current guaranteed interest rate which is an annual effective rate.

***Income (Annuity) Phase***

RIA offers a variety of benefit payment options, subject to the provisions of an employer's plan. Plan participants should consult their employer for details. An employer's plan may allow a choice of one or more of the following forms of distribution:

• purchase of one of our annuities to receive a stream of income payments;

• lump sum distribution;

• use of part of the proceeds to purchase one of our annuities with the balance to be paid as a lump sum; or

• permitted cash withdrawals.

Subject to the provisions of your plan, RIA makes available the following forms of fixed annuities:

• life annuity;

• life annuity — period certain;

• life annuity — refund certain;

• period certain annuity; and

• qualified joint and survivor life annuity.

***2***

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All of the forms outlined above (with the exception of the qualified joint and survivor life annuity) are available as either single or joint life annuities. We may also offer other annuity forms not outlined here. We reserve the right to remove or change these annuity payout options, other than the life annuity, or to add another payout option at any time. When you take a distribution, if you choose to purchase one of our annuities, your investments are converted to income payments and you will no longer be able to make any additional withdrawals from your contract. All accumulation phase benefits, including withdrawals and any death benefit provided under your employer plan, terminate upon annuitization.

**Contract Features.** 

***Transfers among investment options***

You may transfer accumulated amounts among the investment options at any time and in any amount, subject to the transfer limitations described in the Prospectus. In addition to our rules, transfers among the investment options may be subject to employer plan provisions which may limit or disallow such movements. We do not impose a charge for transfers among the investment options.

***Access to Your Money***

During the accumulation phase you can take withdrawals from your contract, subject to the provisions of your plan. Withdrawals will reduce your account value and may be subject to withdrawal charges and income taxes, as well as a tax penalty.

***Optional participant recordkeeping services***

Your employer may elect participant recordkeeping services program, under which we (i) establish an individual participant account for each participant covered by your plan based on data you provide; (ii) receive and deposit contributions on behalf of participants to individual participant accounts; (iii) maintain records reflecting, for each participant, contributions, transfers, loan transactions, withdrawals and investment experience and interest accrued, as applicable, on an individual participant's proportionate values in the plan; (iv) provide to your employer the individual participant's reports reflecting the activity in the individual participant's proportionate interest in the plan; and (v) process transfers and distributions of the participant's portion of his or her share of the employer plan assets among the investment options as your employer instructs. There is an annual $25 fee for this service.

***Participant Loans***

Depending on the terms of your plan, you may be permitted to take loans from your account value. If you take a loan we charge a 1% fee as a percentage of amount withdrawn as loan principal at the time the loan is made. Additionally, the employer plan may charge interest on the loan at a rate they set.

***Death Benefit***

Upon death your employer will make a withdrawal to pay out any death benefit to your beneficiary in accordance with the employer plan, based on the participant's account value under the contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

***3***

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Important information you should consider about the contract

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| | |
|:---|:---|
| **FEES AND EXPENSES** | **FEES AND EXPENSES** |
| **Are There Charges or Adjustments for Early Withdrawals?** | **Yes.** If you withdraw account value from the RIA, other than in the form of a benefit distribution payment, within 9 years following the date on which the employer plan began its participation in RIA, you will be assessed a contingent withdrawal charge ("CWC") of up to 6% of the amount withdrawn. For example, if you make a withdrawal in the first year, you could pay a CWC of up to $6,000 on a $100,000 withdrawal.<br>For additional information about CWCs see "Contingent withdrawal charge" in "Charges and expenses" in the Prospectus. |
| **Are There Transaction Charges?** | **Yes.** In addition to CWCs, you may also be charged for other transactions (if you elect an annuity payout option).<br>For additional information about transaction charges see "Annuity administrative charge" in "Charges and expenses" in the Prospectus. |
| **Are There Ongoing Fees and Expenses?** | **Yes.** The following tables describe the fees and expenses that you may pay each year, depending on the investment options you choose. Please refer to your contract specifications page for information about the specific fees you will pay *each year* based on the options you have elected. |

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| | | |
|:---|:---|:---|
| **Annual Fee** | **Minimum** | **Maximum** |
| Base Contract<sup>\*</sup> | 0.25% | 1.25% |
| Pooled Separate Account expenses<sup>\*\*, (1)</sup> | 0.15% | 0.87% |
| Portfolio Company fees and expenses<sup>\*\*, (1)</sup> | 0.54% | 1.38% |
| Optional benefits available for an additional charge <br>(for a single optional benefit, if elected)<sup>(2)</sup> | 1.00% | 1.00% |

---

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| |
|:---|
|  \* Expressed as an annual percentage of account value.<br> \*\* Expressed as an annual percentage of average daily net assets.<br> (1) These fees will fluctuate from year to year. These expenses are based on the expenses incurred during the fiscal year ended December 31, 2025.<br> (2) As a percentage of amount withdrawn as loan principal at the time the loan is made. Your employer plan may also charge interest on the loan amount at a rate they set. |
| Because the contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your contract, the following table shows the lowest and highest cost you could pay *each year*, based on current charges. This estimate assumes that you do not take withdrawals from the contract, **which could add contingent withdrawal charges that substantially increase costs.** |

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***4***

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| | |
|:---|:---|
| **Lowest Annual Cost<br>$781** | **Highest Annual Cost<br>$2,357** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assumes:<br> • Investment of $100,000<br>• 5% annual appreciation<br>• Least expensive combination of the Base Contract, Pooled Separate Account and Portfolio fees and expenses<br>• No optional benefits<br>• No sales charges<br>• No additional contributions, transfers or withdrawals<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assumes:<br> • Investment of $100,000<br>• 5% annual appreciation<br>• Most expensive combination of the Base Contract, Pooled Separate Account, and Portfolio fees and expenses<br>• No loans taken<br>• No sales charges<br>• No additional contributions, transfers or withdrawals<br>|

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 <br>     <u>For additional information about ongoing fees and expenses see "Fee table" in the Prospectus.</u>

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| | |
|:---|:---|
| **RISKS** | **RISKS** |
| **Is There a Risk of Loss from Poor Performance?** | **Yes.** The contract is subject to the risk of loss. You could lose some or all of your account value depending on the investment options you choose.<br>For additional information about the risk of loss see "Principal risks of investing in the contract" in the Prospectus. |
| **Is this a Short-Term Investment?** | **No.** The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash because the contract is designed to provide for the accumulation of retirement savings and income on a long-term basis. As such, you should not use the contract as a short-term investment or savings vehicle. A withdrawal charge may apply in certain circumstances and any withdrawals may also be subject to federal and state income taxes and tax penalties.<br>For additional information about the investment profile of the contract see "Fee table" in the Prospectus. |
| **What Are the Risks Associated with the Investment Options?** | An investment in the contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the contract, (e.g., the Pooled Separate Accounts and the Portfolios). Each investment option, including the fixed investment options, has its own unique risks. You should review the investment options available under the contract before making an investment decision.<br>For additional information about the risks associated with investment options see "Investment options" and "Portfolios of the Trust" in "RIA Investment Options" and Appendix: "Investment Options Available Under the Contract" in the Prospectus. |
| **What Are the Risks Related to the Insurance Company?** | An investment in the contract is subject to the risks related to the Company. Equitable Financial Life Insurance Company is solely responsible to the contract owner and participants for the contract's account value. The general obligations under the contract, including the fixed investment options, are supported by our general account and are subject to our claims paying ability. An owner and participant should look solely to our financial strength for our claims-paying ability. More information about Equitable Financial Life Insurance Company, including our financial strength ratings, may be obtained upon request by calling 1-800-789-7771.<br>For additional information about insurance company risks see "About the general account" in "More information" in the Prospectus. |

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***5***

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| | |
|:---|:---|
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Are There Restrictions on the Investment Options?** | **Yes.** The availability of investment options will vary by employer, and you should refer to your plan documents for a list of the investment options available to you. You may transfer accumulated amounts among the investment options under your contract at any time and in any amount, subject to certain transfer limitations described in the Prospectus. We reserve the right to remove or substitute Portfolios and Pooled Separate Accounts as investment options.<br>For additional information about restrictions on the investment options see "Investment options" in "RIA Investment Options" and "Transferring your money among investment options" in the Prospectus.<br>Transfers from the guaranteed interest option may be subject to limitations. From time to time, we may remove certain restrictions that apply to transferring amounts out of the guaranteed interest option. If we do so, we will tell you. We will also tell you at least 45 days in advance of the day that we intend to reimpose those transfer restrictions.<br>Contributions and transfers into and out of the guaranteed interest option are limited.<br>For additional information about the guaranteed interest option see "Guaranteed interest option" in "RIA Investment Options" in the Prospectus. |
| **Are There Any Restrictions on Contract Benefits?** | **Yes.** Participant Loans. Not all employer plans will offer loans. Loans are subject to restrictions under federal tax rules and ERISA. Loans generally must be taken from the guaranteed interest option. The minimum loan amount is $1000 and the maximum loan amount is 90% of the balances attributable to the plan participant. We charge a 1% fee at the time a loan is made, and the employer plan may charge interest on the loan, at a rate they set. If a participant fails to repay a loan when due the amount of the unpaid balance may be treated as a withdrawal and as such, be subject to taxes, additional penalty taxes, and a CWC of up to 6% of the unpaid balance if this occurs within 9 years of the date on which the employer began it's participation in the RIA. See "Participant Loans" in "Benefits Available Under the Contract" in the Prospectus.<br>Optional Participant Recordkeeping Services. This service must be selected by the employer. If it is selected by the employer than the participants must be enrolled and pay the annual fee. Employers who did not elect the option may no longer do so. |
| **TAXES** | **TAXES** |
| **What Are the Contract's Tax Implications?** | You should consult with a tax professional to determine the tax implications of an investment in, and payments received under, the contract. There is no additional tax benefit to you if the contract is purchased through a tax-qualified plan or individual retirement account (IRA). Withdrawals will be subject to ordinary income tax and may be subject to tax penalties. Generally, you are not taxed until you make a withdrawal from the contract.<br>For additional information about tax implications see "Tax information" in the Prospectus. |
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** |
| **How Are Investment Professionals Compensated?** | Some financial professionals may receive compensation for selling the contract, both in the form of commissions or in the form of contribution-based compensation. Financial professionals may also receive additional compensation for enhanced marketing opportunities and other services (commonly referred to as "marketing allowances"). This conflict of interest may influence the financial professional to recommend this contract over another investment.<br>For additional information about compensation to financial professionals see "Distribution of the contracts" in "More information" in the Prospectus. |
| **Should I Exchange My Contract?** | Some financial professionals may have a financial incentive to offer a new contract in place of the one you already own. You should only exchange your contract if you determine, after comparing the features, fees, and risks of both contracts, as well as any fees or penalties to terminate your existing contract, that it is preferable to purchase the new contract rather than continue to own your existing contract.<br>For additional information about the charges you might incur in connection with an exchange see "Contingent withdrawal charge" in "Charges and expenses" in the Prospectus. |

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Benefits Available Under the Contract

**Summary of Benefits** 

The following tables summarize important information about the benefits available under the contract.

***Death Benefits***

This death benefit is available during the accumulation phase:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Standard/<br>Optional** | **Annual Fee** | **Brief Description of Restrictions/ Limitations** |
| Death Benefit | Beneficiaries will receive a benefit under the terms of the employer plan based on the participant's account value under the contract. | Standard | No<br>additional<br>charge | &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;• RIA does not have a separate death benefit provision.<br>&nbsp;&nbsp;&nbsp;&nbsp;• Any death benefits are provided in accordance with the employer plan.<br>|

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***Other Benefits***

These other benefits are available during the accumulation phase:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Standard/**<br> **Optional** | **Annual Fee** | **Brief Description of Restrictions/Limitations** |
| Participant Recordkeeping Services | Includes participant-level recordkeeping and making benefit payments. | Optional | $25 per<br>plan<br>participant | &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;• The contract must include the guaranteed interest option in the investment options if the employer selects participant recordkeeping services.<br>&nbsp;&nbsp;&nbsp;&nbsp;• Although this option applies to contracts if the employer previously elected the option, employers that did not previously elect the option may no longer do so.<br>&nbsp;&nbsp;&nbsp;&nbsp;• If an employer has chosen this service, all participants must be enrolled and pay the annual fee.<br>|
| Participant Loans | Loans may be available to participants | Optional | 1% of loan<br>amount<br>plus<br>interest<br>that may<br>be<br>charged<br>by your<br>employer<br>plan | &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;• Not all employer plans will offer loans.<br>&nbsp;&nbsp;&nbsp;&nbsp;• Loans are subject to restrictions under federal tax rules and ERISA.<br>&nbsp;&nbsp;&nbsp;&nbsp;• The minimum loan amount is $1000 and the maximum loan amount is 90% of the balances attributable to the plan participant subject to federal tax rules.<br>&nbsp;&nbsp;&nbsp;&nbsp;• If a participant fails to repay a loan when due the amount of the unpaid balance may be treated as a withdrawal and as such, be subject to taxes, additional penalty taxes, and a CWC if applicable.<br>|

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***7***

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Buying the Contract

RIA is an investment program designed for employer plans that qualify for tax-favored treatment under Section 401(a) of the Code. Eligible employer plans include defined benefit plans, defined contribution plans or profit sharing plans, including 401(k) plans. These plans generally must meet the requirements of ERISA. Your employer may purchase a contract and you may participate in the contract through your employer plan. Your employer makes payments to us that we call "contributions." We can discontinue offering RIA at any time and not accept further contributions. We do not require a minimum contribution amount from participants. Your contract features and charges, and your investment options, may vary depending on your employer plan. Please refer to your plan documents for details.

**Minimum initial and subsequent contribution amounts** 

We do not impose minimum initial or subsequent contribution amounts on individual participants, although your employer may do so. Please refer to your plan documents for any required minimum amounts. We do impose a minimum requirement for total annual plan contributions of $10,000 if the RIA is used as the exclusive funding vehicle for plan assets and of $50,000 in the initial participation year and $25,000 each year thereafter if the RIA is used as a partial investment funding vehicle for plan assets. There is no minimum amount where employer plan contributions are made on a basis more frequently than annually. We reserve the right to impose higher annual minimums for certain plans. Individual participant contributions and aggregate employer plan contributions may be limited by law.

**When contributions are credited** 

***Regular contributions.*** Contributions may be made by check or by wire transfer. All contributions under an employer plan should be sent to the address under "For contributions checks only" in "How to reach us" in the Prospectus. All contributions made by check must be drawn on a U.S. bank, in U.S. dollars, and made payable to the Company. Third-party checks are not acceptable, except for roll-over contributions, tax-free exchanges or trustee checks that involve no refund. All checks are subject to our ability to collect the funds. We reserve the right to reject a payment if it is received in an unacceptable form. Contributions are normally credited on the business day that we receive them. **Contributions are only accepted from the employer or plan trustee**. Participants cannot send contributions directly to the Company.

**Allocating program contributions** 

We allocate contributions to the investment options in accordance with the allocation instructions provided to us by the plan trustee or the individual who the plan trustee has previously authorized in writing. Allocations may be made by dollar amounts or in any whole number percentages that total 100%.

Allocation changes may be made without charge, but may be subject to employer plan provisions that may limit or disallow such movements.

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Making Withdrawals: Accessing the Money in Your Contract

**Accessing your money** 

**Withdrawals.** You may take partial withdrawals from your contract at any time. There is no minimum withdrawal amount. You can also surrender your contract at any time. Withdrawals reduce your account value and may reduce any death benefit provided by your plan. Withdrawals and surrenders may be subject to withdrawal charges and have tax consequences, including possible tax penalties.

Unless you specify otherwise, withdrawals will be taken from the investment options in your account pro rata. We ordinarily make payment or withdrawals out of the investment options promptly after the date of the transaction. However, we can defer processing withdrawals or surrenders under limited circumstances. Please see "When we pay proceeds" in the Prospectus.

There may also be plan specific rules regarding withdrawals, that are not described here. Please see your plan documents for more information.

Amounts in the guaranteed interest option are generally available for withdrawal at anytime, subject to the provisions of your plan. However, a deferred payout provision applies to trustee-directed employer plans which are terminating their RIA contract. Under that provision, we can defer payment of the employer plan balance held in the guaranteed interest option, less the contingent withdrawal charge, by paying out the balance in six installments over five years. During the deferred payout period, we credit the balances upon which we defer payment with the current interest rate declared for each year. We also continue to deduct the ongoing operations fee monthly from the balance during the deferred payout period.

Please see "Withdrawals" in the Prospectus for more information on the ways you may withdraw your account value.

***9***

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Fee table

**The following tables describe the fees and expenses that you will pay when owning, or making withdrawals from an investment option or from the RIA contract. Please refer to your contract specifications page for information about the specific fees you will pay each year based on the options you have elected.** 

**The first table describes fees and expenses that you will pay at the time that you purchase the contract, surrender or make withdrawals from an investment option or the contract, or transfer account value between investment options. State premium taxes may also apply.** 

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| | |
|:---|:---|
| &nbsp;&nbsp; **Transaction Expenses** | &nbsp;&nbsp; **Transaction Expenses** |
| &nbsp;&nbsp; Sales Load Imposed on Purchases |  |
| &nbsp;&nbsp; Withdrawal Charge (CWC) (as a percentage of amount withdrawn)<sup>(1)</sup> | 6.00% |
| &nbsp;&nbsp; Administrative fee if you purchase an annuity payout option | $175 |
| &nbsp;&nbsp; Transfer Fee |  |

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(1) If you withdraw money from the contract within 9 years following the date on which the employer plan began its
participation in RIA, we may impose a contingent withdrawal charge ("CWC") of up to 6% of the amount withdrawn, declining to 0% over 10 years. The amount of any CWC is determined in accordance with the rate schedule set forth below. We
treat outstanding participant loan balances that are not paid back per the terms of the loan as withdrawals. As such, the CWC will be applied as if the amount had been withdrawn on the day the principal payment was due.

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| | |
|:---|:---|
| **Withdrawal in<br>Participation Years** | **Contingent Withdrawal Charge** |
| 1 or 2 | 6% of amount withdrawn |
| 3 or 4 | 5% |
| 5 or 6 | 4% |
| 7 or 8 | 3% |
| 9 | 2% |
| 10 and later | 0% |

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**The next table describes the fees and expenses that you will pay** ***each year*** **during the time that you own the contract (not including underlying Trust portfolio fees and expenses). If you choose to purchase an optional benefit, you will pay additional charges, as shown below.** 

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| | |
|:---|:---|
| &nbsp;&nbsp; **Annual Contract Expenses** | |
| &nbsp;&nbsp; Base contract expenses (expressed as an annual percentage of account value)<sup>(1)</sup> | 1.25% |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Pooled Separate Account expenses expressed as an annual percentage of separate account assets:<sup>(2)</sup> | &nbsp;&nbsp; Pooled Separate Account expenses expressed as an annual percentage of separate account assets:<sup>(2)</sup> | &nbsp;&nbsp; Pooled Separate Account expenses expressed as an annual percentage of separate account assets:<sup>(2)</sup> | &nbsp;&nbsp; Pooled Separate Account expenses expressed as an annual percentage of separate account assets:<sup>(2)</sup> |
|  | **Investment<br>Management and<br>Accounting Fee** | **Direct Operating and<br>Other Expenses** | **Total** |
| AllianceBernstein Common Stock | 0.08% | 0.07% | 0.15% |
| AllianceBernstein Mid Cap Growth | 0.50% | 0.03% | 0.53% |
| AllianceBernstein Balanced | 0.50% | 0.37% | 0.87% |

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***10***

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| | |
|:---|:---|
| &nbsp;&nbsp; Optional Benefits Expenses |  |
| &nbsp;&nbsp; Optional Participant Recordkeeping Services (per plan participant)<sup>(3)</sup> | $25 |
| &nbsp;&nbsp; Loan fee (as a percentage of amount withdrawn as loan principal at the time the loan is made)<sup>(4)</sup> | 1.00% |

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(1) The base contract fee, which is also called the annual ongoing operations fee, is deducted monthly and applied on a
decremental scale, declining to 0.25% on the account value over $2,500,000.

(2) These fees will fluctuate from year to year. These expenses are based on the expenses incurred by a Pooled Separate
Account during the fiscal year ended December 31, 2025.

(3) We deduct this fee on a monthly basis at the rate of $2.08 per participant.

(4) The plan may charge interest on plan loans at rate determined by the plan administrator.

**The next item shows the minimum and maximum total operating expenses charged by the underlying Portfolios that you may pay periodically during the time that you own the contract. These amounts also include the Administrative Charge if you choose to invest in certain Portfolios. Expenses shown may change over time and may be higher or lower in the future. A complete list of portfolios available under the contract, including their annual expenses, may be found at the back of this document. See Appendix: "Investment Options Available Under the Contract."** 

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp; **Annual Portfolio Expenses** | **Minimum** | **Maximum** |
| Expenses that are deducted from portfolio assets including management fees, 12b-1 fees, service fees, and/or other expenses<sup>(1)</sup> | 0.54% | 1.38% |

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(1) Annual portfolio expenses may be based, in part, on estimated amounts of such expenses. Annual portfolio expenses will
fluctuate from year to year and are based on the expenses incurred by the Portfolios during the fiscal year ended December 31, 2025. The maximum annual portfolio expenses include a daily charge equal to an annual rate of 0.05% that we charge for
amounts invested in the EQ/Core Plus Bond, EQ/Intermediate Government Bond, EQ/International Equity Index, EQ/Quality Bond PLUS, EQ/AB Small Cap Growth, EQ/Equity 500 Index, and EQ/Money Market Portfolios.

**Examples** 

**These examples are intended to help you compare the cost of investing in the variable investment options with the cost of investing in other annuity contracts that offer variable investment options. These costs include transaction expenses, annual contract expenses, and annual Portfolio and Pooled Separate Account fees and expenses. These examples assume that no loans are taken. The first set of examples assumes you invest all of your account value in the most expensive underlying Portfolio. The second set of examples assumes you invest all of your account value in the most expensive Pooled Separate Account, the Alliance Bernstein Balanced Pooled Separate Account.** 

***Separate Account No. 66 Variable Investment Options.*** **The examples assume all account value is allocated to the variable investment options. Your costs could differ from those shown below if you invest in the fixed investment options.** 

**These example assume that you invest $100,000 in the variable investment options for the time periods indicated. The examples also assume that your investment has a 5% return each year and assume the most expensive combination of annual portfolio expenses and the participant recordkeeping services available for an additional charge. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:** 

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; If you surrender your contract at the end of the applicable time period: | <u>1 year</u><br> $8,919 | <u>3 years</u><br> $13,884 | <u>5 years</u><br> $19,021 | <u>10 years</u><br> $30,786 |
| &nbsp;&nbsp;&nbsp; If you annuitize at the end of the applicable time period: | <u>1 year</u><br> $2,962 | <u>3 years</u><br> $8,719 | <u>5 years</u><br> $14,733 | <u>10 years</u><br> $30,961 |
| &nbsp;&nbsp;&nbsp; If you do not surrender your contract: | <u>1 year</u><br> $2,787 | <u>3 years</u><br> $8,544 | <u>5 years</u><br> $14,558 | <u>10 years</u><br> $30,786 |

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***Pooled separate accounts.*** **These example assume that you invest $100,000 in the pooled separate accounts under the contract for the time periods indicated. The examples also assume that your investment has a 5% return each year and assume the most expensive combination of annual pooled separate account expenses and the participant recordkeeping services available for an additional charge. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:** 

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; If you surrender your contract at the end of the applicable time period: | 1 year<br>$8,416 | 3 years<br>$12,362 | <u>5 years</u><br> $16,465 | <u>10 years</u><br> $25,478 |
| &nbsp;&nbsp;&nbsp; If you annuitize at the end of the applicable time period: | <u>1 year</u><br> $2,426 | <u>3 years</u><br> $7,113 | <u>5 years</u><br> $12,059 | <u>10 years</u><br> $25,653 |
| &nbsp;&nbsp;&nbsp; If you do not surrender your contract: | <u>1 year</u><br> $2,251 | <u>3 years</u><br> $6,938 | <u>5 years</u><br> $11,884 | <u>10 years</u><br> $25,478 |

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**Portfolio Turnover** 

Each of the Pooled Separate Accounts pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs. These costs, which are not reflected in annual contract expenses or in the example, affect the Pooled Separate Account's performance. During the most recent fiscal year, each Pooled Separate Account's portfolio turnover rate as a percentage of the average value of its portfolio was:

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| | |
|:---|:---|
|  AllianceBernstein Balanced — Separate Account No. 10 | 151.63% |
|  AllianceBernstein Common Stock — Separate Account No. 4 | 15.56% |
|  AllianceBernstein Mid Cap Growth — Separate Account No. 3 | 113.38% |

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***12***

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Appendix: Investment Options Available Under the Contract

**Variable investment options** 

The following is a list of Portfolio Companies available under the Contract. More information about the Portfolio Companies is available in the prospectuses for the Portfolio Companies, which may be amended from time to time and can be found online at www.equitable.com/ICSR#EQH146682. You can also request this information at no cost by calling 1-877-522-5035 or by sending an email request to EquitableFunds@dfinsolutions.com. **The availability of Portfolios will vary by employer,** and you should refer to your plan documents for a list of available Portfolios.

The current expenses and performance information below reflects fee and expenses of the Portfolio Companies, but do not reflect the other fees and expenses that your Contract may charge. The table does show the contract's Platform Charge, but the Platform Charge is not reflected in the current expenses or average annual total returns of the portfolios. Expenses would be higher and performance would be lower if these other charges were included. Each Portfolio Company's past performance is not necessarily an indication of future performance.

**Affiliated Portfolio Companies:** 

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **Current**<br> **Expenses** |  | **Average Annual Total Returns<br>(as of 12/31/2025)** | **Average Annual Total Returns<br>(as of 12/31/2025)** | **Average Annual Total Returns<br>(as of 12/31/2025)** |
| <br>&nbsp;&nbsp;&nbsp;**TYPE** | <br>**Portfolio Company — Investment Adviser; *Sub-Adviser(s), as applicable*** | **Current**<br> **Expenses** |  | **1 year** | **5 year** | **10 year** |
| &nbsp;&nbsp;&nbsp; Equity | 1290 VT Small Cap Value — Equitable Investment Management Group, LLC ("EIMG"); *BlackRock Investment Management, LLC, Horizon Kinetics Asset Management LLC* | 1.23% | ^ | 6.11% | 13.44% | 11.19% |
| &nbsp;&nbsp;&nbsp; Equity | 1290 VT Socially Responsible — EIMG; *BlackRock Investment Management, LLC* | 0.90% |  | 17.23% | 13.04% | 13.83% |
| &nbsp;&nbsp;&nbsp; Equity | EQ/AB Small Cap Growth — EIMG; *AllianceBernstein L.P.* | 0.92% |  | 9.21% | 3.43% | 10.10% |
| &nbsp;&nbsp;&nbsp; Equity | EQ/Capital Group Research — EIMG; *Capital International, Inc.* | 0.95% | ^ | 19.83% | 13.80% | 15.00% |
| &nbsp;&nbsp;&nbsp; Equity | EQ/ClearBridge Large Cap Growth ESG — EIMG; *ClearBridge Investments, LLC* | 1.00% | ^ | 7.69% | 10.47% | 13.63% |
| &nbsp;&nbsp;&nbsp; Fixed Income | EQ/Core Plus Bond — EIMG; *Brandywine Global Investment Management, LLC, Loomis, Sayles & Company, L.P*. | 0.93% | ^ | 8.53% | —0.74% | 2.16% |
| &nbsp;&nbsp;&nbsp; Equity | EQ/Equity 500 Index — EIMG; *AllianceBernstein L.P.* | 0.53% | ^ | 17.24% | 13.79% | 14.16% |
| &nbsp;&nbsp;&nbsp; Equity | EQ/Global Equity Managed Volatility† — EIMG; *BlackRock Investment Management, LLC* | 1.08% | ^ | 19.14% | 8.33% | 9.47% |
| &nbsp;&nbsp;&nbsp; Fixed Income | EQ/Intermediate Government Bond<sup>(1)</sup> — EIMG; *SSGA Funds Management, Inc.* | 0.62% | ^ | 5.51% | 0.30% | 1.14% |
| &nbsp;&nbsp;&nbsp; Equity | EQ/International Core Managed Volatility† — EIMG; *BlackRock Investment Management, LLC* | 1.06% |  | 26.12% | 7.52% | 7.48% |
| &nbsp;&nbsp;&nbsp; Equity | EQ/International Equity Index — EIMG; *AllianceBernstein L.P.* | 0.72% | ^ | 31.53% | 9.91% | 8.07% |
| &nbsp;&nbsp;&nbsp; Equity | EQ/International Value Managed Volatility† — EIMG; *BlackRock Investment Management, LLC, Harris Associates LP* | 1.04% |  | 26.66% | 7.75% | 6.77% |
| &nbsp;&nbsp;&nbsp; Equity | EQ/JPMorgan Growth Stock — EIMG; *J.P. Morgan Investment Management Inc.* | 0.96% | ^ | 14.76% | 9.43% | 14.08% |
| &nbsp;&nbsp;&nbsp; Equity | EQ/JPMorgan Value Opportunities — EIMG; *J.P. Morgan Investment Management Inc.* | 0.95% |  | 15.40% | 12.77% | 12.08% |
| &nbsp;&nbsp;&nbsp; Equity | EQ/Large Cap Core Managed Volatility† — EIMG; *BlackRock Investment Management, LLC* | 0.88% |  | 10.88% | 12.03% | 12.83% |
| &nbsp;&nbsp;&nbsp; Equity | EQ/Large Cap Growth Index — EIMG; *AllianceBernstein L.P.* | 0.71% |  | 17.74% | 14.51% | 17.26% |
| &nbsp;&nbsp;&nbsp; Equity | EQ/Large Cap Growth Managed Volatility† — EIMG; *BlackRock Investment Management, LLC* | 0.87% |  | 11.06% | 11.64% | 15.01% |
| &nbsp;&nbsp;&nbsp; Equity | EQ/Large Cap Value Managed Volatility† — EIMG; *AllianceBernstein L.P.* | 0.86% |  | 10.62% | 9.69% | 9.56% |
| &nbsp;&nbsp;&nbsp; Equity | EQ/Mid Cap Index — EIMG; *AllianceBernstein L.P.* | 0.64% | ^ | 6.80% | 8.42% | 9.99% |
| &nbsp;&nbsp;&nbsp; Equity | EQ/Mid Cap Value Managed Volatility† — EIMG; *BlackRock Investment Management, LLC* | 0.97% |  | 4.98% | 7.62% | 8.20% |
| &nbsp;&nbsp;&nbsp; Cash/Cash Equivalent | EQ/Money Market\* — EIMG; *Dreyfus, a division of Mellon Investments Corporation* | 0.67% |  | 3.66% | 2.79% | 1.73% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **Current**<br> **Expenses** |  | **Average Annual Total Returns<br>(as of 12/31/2025)** | **Average Annual Total Returns<br>(as of 12/31/2025)** | **Average Annual Total Returns<br>(as of 12/31/2025)** |
| <br>&nbsp;&nbsp;&nbsp;**TYPE** | <br>**Portfolio Company — Investment Adviser; *Sub-Adviser(s), as applicable*** | **Current**<br> **Expenses** |  | **1 year** | **5 year** | **10 year** |
| &nbsp;&nbsp;&nbsp; Fixed Income | EQ/Quality Bond PLUS — EIMG; *AllianceBernstein L.P., Pacific Investment Management Company LLC* | 0.83% |  | 6.29% | -0.17% | 1.31% |
| &nbsp;&nbsp;&nbsp; Equity | EQ/Value Equity — EIMG; *Aristotle Capital Management, LLC* | 0.91% |  | 11.01% | 8.65% | 8.47% |
| &nbsp;&nbsp;&nbsp; Specialty | Multimanager Technology — EIMG; *AllianceBernstein L.P., FIAM LLC, Wellington Management Company LLP* | 1.23% | ^ | 25.87% | 12.46% | 19.41% |

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^ This Portfolio's annual expenses reflect temporary fee reductions.

† EQ Managed Volatility Portfolios that include the EQ volatility management strategy as part of their investment objective
and/or principal investment strategy, and the EQ/affiliated Fund of Fund Portfolios that invest in Portfolios that use the EQ volatility management strategy, are identified in the chart by a "†". See "Portfolios of the
Trusts" for more information regarding volatility management.

\* The Portfolio operates as a "government money market fund." The Portfolio will invest at least 99.5% of its total assets in U.S. government securities, cash, and/or repurchase agreements that are fully collateralized by U.S. government securities or cash. 

(1) Effective on or about June 29, 2026, and subject to shareholder approval, SSGA Funds Management, Inc. will be replaced as
a sub-adviser to the Portfolio (or an allocated portion thereof) with AllianceBernstein L.P.

**Fixed investment options** 

The following is a list of fixed investment options currently available under the Contract. We may change the features of the fixed investment option listed below, offer new Fixed investment options, and terminate existing Fixed investment options. We will provide you with written notice before doing so.

See "Fixed investment option" in "RIA Investment options" in the prospectus for a description of the Fixed investment option features.

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Name** | **Term** | **Minimum Guaranteed Interest Rate** |
| &nbsp;&nbsp;&nbsp;Guaranteedinterest option | 1/1/2026 – 12/31/2027 | 4.00% |

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Retirement Investment Account<sup>®</sup>

Issued by

Equitable Financial Life Insurance Company

This Summary Prospectus describes the important features of the contract and provides information about Equitable Financial Life Insurance Company (the "Company", "we", "our" and "us").

We have filed with the Securities and Exchange Commission a Prospectus and Statement of Additional Information ("SAI") that include additional information about the Retirement Investment Account<sup>®</sup>, the Company, AllianceBernstein Balanced, AllianceBernstein Common Stock, and AllianceBernstein Mid Cap Growth Funds (the "Pooled Separate Accounts"), and Separate Account No. 66. The Prospectus and SAI, each dated May 1, 2026, are incorporated by reference into this Summary Prospectus. The Prospectus and SAI are available free of charge. To request a copy of either document, to ask about your contract, or to make other investor inquiries, please call 1-877-522-5035. The Prospectus and SAI are also available at our website, www.equitable.com/ICSR#EQH146682.

**Class/Contract Identifier: C000050403, C000050406, C000050395, and C000050399**