The passage of the Setting Every Community Up for Retirement Enhancement (SECURE) Act has put a greater focus on the goal of providing guaranteed lifetime income for defined contribution (DC) plan participants.
Plan sponsors now are faced with the decision of whether to offer annuities for their participants—and the decision of whether to offer the opportunity within the plan or outside of the plan. A look at some characteristics of their participant base could help them decide which options are right.
Geoff Dietrich, executive vice president at DIETRICH, says his firm’s core business is still firmly planted in the pension risk […]
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