DC plans treading carefully before launching retirement income options

Although many sponsors remain unwilling to stick their necks out to add an in-plan retirement income solution, some DC plan executives are dipping their toes into the pool of options that go beyond offering interactive calculators, fixed-income investments comprising retirement tiers and one-on-one counseling about saving enough — and spending enough — for retirement.

Strategies vary for plans offering the more complex options such as embedded annuities or non-annuity guaranteed withdrawal benefits, but the theme is the same: more ways to help participants guard against outliving their retirement savings and cope with stock market volatility.

"It was important to take […]

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