As part of a busy day of government announcements related to the retirement world, the Obama Administration has given new endorsement to the use of annuities in defined benefit and defined contribution retirement plans.

The move came the same day as deadlines were delayed and final rulings issued regarding the Department of Labor's so-far often-postponed 401(k) fee disclosure regulations.

The dual measures from the U.S. Treasury, the IRS, and the White House's Council of Economic Advisors, are aimed at expanding transparency in the 401(k) plan marketplace while also broadening the availability of retirement plan options.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.