The Department of Labor has proposed to eliminate a “redundant” safe harbor rule that provides a standard for fiduciaries in selecting annuity providers, however, the rule is needed to ensure the growing inclusion of annuities in 401(k)s, says the Insured Retirement Institute.

Drafters are seeking comments on a paper that could help shape states' procedures.

At an insurer for employers' self-insured plans, early 2025 claims are in line with expectations.

“Our industry lacks accountability when it comes to performance,” says Zach Allen, CFA, Chief Investment Officer at PCI and President of RetireAdvisers.