Opinion: Why employers like to have annuity choices in 401(k) plans

Retirement Weekly

Companies that sponsor defined contribution (DC) retirement plans such as 401(k) plans are being asked by our elected representatives to add income solutions to their plans. Incorporating income solutions, including annuities and other guaranteed income products, within a DC plan provides increased security to participants, improves human resource (HR) management capabilities for sponsors, and provides societal benefit to America.

The Institutional Retirement Income Council (IRIC) recently released a white paper in which it demonstrates the broad and comprehensive benefits to participants, sponsors and to society attained through institutional income solutions. Higher levels of retirement security Participants in […]

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