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Future of annuities in 401(k)s is hazy

Most plan sponsors avoid making annuities available in 401(k) plans. Is it fear of liability risk or the complexity of the products? And what is the current DOL's role? Industry experts offer their views.

By Nick Thornton | Updated on November 04, 2016
What's the future of annuities in 401(k) plans? Three experts from Prudential, CapTrust and AllianceBernstein reflect on the regulatory environment. (Photo: iStock)

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.

Related: GAO says annuity safe harbor is insufficient

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Nick Thornton

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.

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