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US capitol bldg Slack adoption of annuities in 401(k) plans has been attributed, in part, to employers’ fears of liability if insurers prove unable to meet annuity contractual obligations.

On Thursday, the Family Savings Act passed out of the U.S. House of Representatives by a 240 to 177 vote, with 10 Democrats voting with Republicans to advance the bill.

Nick Thornton

BenefitsPRO

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