Despite benefiting from regulatory and commercial advances designed to make in-plan retirement solutions more attractive, defined contribution executives continue to wrestle with concerns about cost and complexity as well as compatibility among employers and record keepers.
"Our research suggests that DC plan advisors and consultants have reservations" about in-plan annuities, said a November report by LIMRA, an insurance industry research organization. "About eight in 10 believe that income solutions are best placed outside the DC plans for average participants." However, LIMRA also found that 70% of workers believe in-plan guaranteed income options should be offered by their employers.
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