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QLACs Provide New 401(k) Plan Annuity Option
Ascende Link to more items from this source
[Guidance Overview]
July 30, 2014
"Offering plan participants the opportunity to purchase a [Qualified Longevity Annuity Contracts (QLAC)] inside the plan, provides another tool to help participants achieve a steady income at retirement that can complement Social Security payments. QLACs should have the added advantage of being less expensive than annuities available in the individual market because retirement plans should be able to qualify for institutional level pricing. However, QLACs also open up a new fiduciary hurdle that must be managed."

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