Compass
|
Bates & Company, Inc.
|
Loan & Distribution Specialist AimPoint Pension
|
AimPoint Pension
|
Regional Vice President of Sales The Retirement Plan Company
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
A Fiduciary Approach to Providing Lifetime Income Distributions Under Defined Contribution Plans
Drinker Biddle Nov. 8, 2012 "[P]ayments to a retiree may not commence for a number of years and then may be made over a period of several decades. The fiduciary challenge is to select a provider today that will be there in the future to make the payments, and the question is how a fiduciary acts prudently in making that selection.... While the [DOL] has provided a safe harbor regulation under ERISA for the selection of annuity providers, it does not provide a true roadmap for fiduciaries to follow.... [This article offers] a checklist of criteria that we believe constitute best practices in that process." |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |