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Plan Administrator, Defined Benefit & Cash Balance The Pension Source
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Strategic Retirement Plan Consultant Retirement Plan Consultants
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MAP Retirement
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Pattison Pension
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Defined Benefit Plan Consultant/Actuarial Analyst Sentinel Group
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Sentinel Group
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Retirement Relationship Manager MAP Retirement
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BPAS
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DWC - The 401(k) Experts
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Regional Vice President, Sales MAP Retirement
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MAP Retirement
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The Cost of Delaying Consideration of Retirement Income Products
PLANSPONSOR; registration may be required
Mar. 30, 2015
"While there are still questions about the process for selection of products, and there may be portability issues for participants who change employment, offering an in-plan retirement income product could be advantageous to plan sponsors. It may reduce lump-sum distributions from the plan with a corresponding increase in asset retention. In addition, offering a retirement income product may address the reluctance of senior employees to retire due to concerns about not having adequate means to finance their retirement years."
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