As beleaguered workers with little in the way of retirementsavings increasingly look for a means of guaranteeing income duringretirement, a retirement industry-sponsored white paper has made apitch for including annuity products in 401(k) plans.
The paper, “Retirement Income Solutions: A Guide for PlanSponsors,” put out by the Defined Contribution InstitutionalInvestment Association (DCIIA), lays out the industry’s case forincluding annuity products in employees’ retirement plans.
It also outlines policymaker support for guaranteedincome streams, looks at case studies from companies trying variousstrategies to provide employees with a range of income-producingproducts and offers a range of options available to plan sponsorsconsidering changes to the plans they offer that can provide incometo participants upon retirement.
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