Lifetime Income for Employees Act Would Make It Easier to Use Annuities as QDIAs
The re-introduced House bill would permit annuities as 401(k) default, with a limit of 50% of retirement contributions.
Tag: annuities in defined contribution plans
Annuities as Part of Target-Date Funds Grow in Popularity
Cerulli retirement research shows growing interest in TDFs with guaranteed income for plan sponsors’ lifetime income options among consultants.
Plan Design / Post-Retirement
New Territory for Income?
Advisers and providers need to help solve the decumulation challenge.
Trends
Participants Are Shunning Annuities
How to make those in the plan comfortable with annuitizing their savings.
Employees Favor Retirement Plans That Substitute Annuities for Bonds
A survey also found nearly half of employees prefer to have a mix of investments and lifetime income over either traditional pensions or investments alone.
Best Candidates for Annuities
Individual circumstances determine whether an annuity is right for an individual, how much of their assets should be annuitized and...
DIETRICH’s ANNUA and KTRADE Partner to Offer DC Plan Lifetime Income Solution
ANNUA Direct Quote is a tool for retirement plan sponsors, participants and advisers to obtain current market pricing for guaranteed lifetime income at retirement.
Investment-Oriented
Make It Last
Participants must choose income products that meet their individual needs.
Supreme Court Will Not Review Case Regarding Group Annuity in Retirement Plan
The high court's decision lets stand a ruling that Great-West, as a non-fiduciary party in interest was not liable for alleged ERISA violations.
Researchers Make Case for Default Annuities in 401(k) Plans
A research report provides an analysis of how including a default deferred income annuity (DIA) can improve retirement income for retirees and offers suggestions advisers can give 401(k)...
New DIETRICH Practice Aims to Provide Annuities to DC Plans
“ANNUA is challenging the status quo around retirement savings by helping pioneer lifetime income features within 401(k)/403(b) plans at a time when participants are experiencing insufficient account balances...
AXA Filing Makes Move From Annuities to Mutual Funds Possible
For a small number of plans in which the plan sponsor has decided to no longer allow contributions to the EQUI-VEST variable annuity and to make the AXA...
DC Plan Sponsors Still Concerned About Offering Annuities
The most common retirement income solutions defined contribution (DC) plan sponsors reported providing participants were access to a defined benefit (DB) plan and offering a managed account service.
Are Annuities in DC Plans Necessary to Produce Optimal Retirement Income?
Though they made suggestions for improving lifetime income options for DC retirement plan participants, some who made comments to the ERISA Advisory Council suggested offering in-plan annuities may...