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Square Peg QLACs Can't Seem to Fit in 401(k) Fiduciary Round Hole
Fiduciary News; free registration requiredLink to more items from this source
Aug. 4, 2015
"Initially the idea of guaranteed income -- the primary promise of QLACs -- sounded quite enticing.... The devil, however, is in the details, and it is those details that go a long way towards explaining why these alleged income-oriented saviors remain unpopular with plan sponsors.... [O]ne of the main impediments to QLACs is they aren't portable.... [F]or the cost of the QLAC, the retirement saver had a very high probability of meeting or exceeding the income stream with a very good chance of recovering the full initial investment."

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