Dusting Off DC Annuity Conversations

via Lockton Retirement Services

Over the last several years, many have discussed adding annuities to defined contribution plans as a guaranteed retirement income option.  Actually doing this, however has been a challenge.  The DOL historically offered fiduciaries little guidance on the appropriate selection and monitoring of these products.  A recent Fiduciary Assistance Bulletin attempts to remedy this for plan sponsors, but a lot of questions remain unanswered.  This issue of “The Beacon” explains the DOL’s guidance and highlights the challenges that remain for sponsors considering annuities for their DC plans.

To read the full Beacon article CLICK HERE

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About thebenefitblog

Eric is a Producer at Lockton Insurance Brokers, Inc., the world’s largest privately held commercial broker. Eric has over 23 years of experience in the insurance industry and has spent the last 11 years with Lockton. Eric specializes in Health & Welfare Benefits, Retirement Planning, and Executive Benefits. Eric's clients utilize his expertise in the areas of Plan Due Diligence, Transaction Structure, Fiduciary Oversight, Investment Design, Compliance and Vendor negotiation to improve the operational & financial outcome for each client. The Benefit Blog is a place to share that expertise and industry news.
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