During a 3-day meeting of the ERISA Advisory Council, experts explored the possibility of making lifetime income options, which SECURE 2.0 encourages employers to include in their retirement plans, more prevalent as qualified default investment alternatives (QDIAs) in 401(k) plans.
Established by the Employee Retirement Income Security Act, the ERISA Advisory Council advises the Secretary of Labor and submits recommendations regarding the secretary's functions under ERISA.
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