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