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Addressing Fiduciary Concerns in the Purchase of 401(k) Distributed Annuities: Dealing With Inflexibility and Inaccessability
Giller & Calhoun, LLC 
Dec. 27, 2009 Excerpt: [Inflexibility and inaccessibility] are closely related, as they really point out the nature of annuity products which are purchased for annuitztion from DC plans: they are plan investments. Treating them otherwise risks turning the DC plan into a DB plan, the ultimate disaster for this kind of program. So the fiduciary focus should be on how to address these elements in choosing annuities as investments under the plan. MORE >> |
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