A missing piece of the retirement plan puzzle?
Annuities in 401k plans?
Not a common occurrence to date. The “last mile,” some call it.In fact, while companies already can offer annuities in their 401k lineups , just 9% do, according to the Plan Sponsor Council of America.The primary reason holding plan sponsors back—fear of legal liability if the annuity provider fails or otherwise fails to deliver—could very well be gone if the latest retirement reform legislation becomes law.The Setting Every Community Up for Retirement Enhancement (SECURE) Act stuck in the Senate as of press time (but quite possibly tacked on […]
Full Post at 401kspecialistmag.com