The Institutional Retirement Income Council issued a report to help employers that sponsor retirement plans better understand and navigate through the maze of retirement income products that are emerging in the marketplace.
The brief examines each retirement plan product and offers steps employers can take as they consider offering them to their employees.
"As 401(k) plans have evolved from a supplemental retirement or capital accumulation plan to the sole retirement vehicle offered by most employers, plan sponsors and participants are increasingly focused on how to make accumulated money last a lifetime," said John Pickett, senior vice president and financial advisor at CAPTRUST and an IRIC advisor who authored the issue brief.
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