Plan Sponsors Aren’t Warming Up to Provisions of the SECURE Act
Very few are interested in joining a PEP, and obstacles remain before sponsors will add annuities to their DC plans.
Tag: annuities in defined contribution plans
Deciding Whether an Annuity Is Right for Your Plan Participants
Plan sponsors should look at participant needs to determine whether annuities would be a fit for their plan and, if...
Expect a Rise in Annuity Engagement
A different perspective post-COVID-19 will make guaranteed income more attractive to retirement plan sponsors and participants.
SEC Adopts Rule to Simplify Variable Annuity Disclosures
The action, in part, addresses the concern plan sponsors had about the ability to understand—and to communicate to participants—these complex...
Components of Annuity Pricing
The costs of annuities depends on the type and the amount of flexibility.
Plan Sponsors Have Multiple Options for Creating Income Streams for Participants
Annuities should be considered, and the type to offer in a DC plan depends on several factors.
Supreme Court Denies Review of Case About Annuity Contracts in Retirement Plans
The plaintiff said Great-West’s conduct in setting the credited rate of its Key Guaranteed Portfolio Fund violates ERISA’s clear rules...
New York Investigating Sales of Annuities to 403(b)s
With New York being an influencer, some say it will prompt other states to do the same.
Researchers Propose Including Annuities as a Default in 401(k)s
An analysis found defaulting a portion of balances in deferred income annuities (DIAs) would boost income for retirees later in...
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DIETRICH Introduces DC Plan Annuity Practice
The firm is anticipating passage of the SECURE Act, which offers an annuity selection safe harbor for defined contribution (DC)...
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AXA Files for Annuity Exchange Offer
The offer is being made to participants in a small number of plans in which the plan sponsor has decided...
DC Plan Sponsors Still Shunning Annuities
The top reason cited for not offering an annuity-type product in defined contribution plans is being uncomfortable or unclear about...
Groups Question Efficiency of Offering Annuities in DC Plans
Comments to the ERISA Advisory Council mention lack of utilization among plan participants and other ways DC plan participants can...