As more plan participants worry about retirement income security, demand for guaranteed income solutions is growing—and plan sponsors are pondering the options. While there are many ways to measure the benefits, we believe that some approaches—like in-plan and default options—have distinct advantages.
In response to the far-reaching economic impact of COVID-19, many plan sponsors have intensified their focus on critical priorities like handling furloughs and making emergency distributions. As conditions slowly return to normal, we expect renewed emphasis on plan design to tackle a top-of-mind issue: retirement income security.
Lifetime-Income Demand Grows…but Adoption Lags Strong demand from plan participants for […]
Full Post at web.alliancebernstein.com