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 […]
Full Post at www.pionline.com