A review of a significant portion of the multitrillion-dollar 401(k) market by the Government Accountability Office shows limited availability of retirement asset withdrawal options and in-plan annuity offerings, leaving many of the nation's 60 million 401(k) participants without a managed income stream in retirement.
Among all plan sizes, only about one-third of sponsors have adopted a withdrawal option for retiring participants.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
