Search
 

Why sponsors won’t dive into guaranteed income options

A newly ordained solution to the so-called retirement crisis runs counter to the motives of firms that shifted their retirement plan emphasis from the defined benefit arena to the defined contribution world.

By Chris Carosa | Updated on December 10, 2014

Despite the cattle-calls from the mainstream media and the trumpeting of industry self-interests, a newly ordained “solution” to the so-called “retirement crisis” runs counter to the motives of firms that shifted their retirement plan emphasis from the defined benefit arena to the defined contribution world – and it has regulators shaking their heads.

There are plenty of solid reasons plan sponsors are moving slowly when it comes to incorporating Longevity Annuities into their 401k option menu (see “Why Longevity Annuities aren’t as Popular with 401k Fiduciaries as Regulators Think,” FiduciaryNews.com, December 9, 2014). But the real reason harks back to their primary motive for moving their retirement benefit programs into 401(k) plans in the first place. 

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.