When the Government Accountability Office recently reported that plan sponsors' liability concerns were the primary deterrent to offering annuities in 401(k) plans, the agency charged with serving as Congress' watchdog wasn't exactly breaking new ground.
For more than a decade, regulatory initiatives of various forms have aimed to broaden availability of annuities in 401(k) plans.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
