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The 2008 safe harbor regarding sponsors’ fiduciary obligations when selecting an annuity provider has failed to allay many sponsors’ liability fears. (Photo: Getty)

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.

Nick Thornton


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