"Committees often worry about the process for selecting and monitoring insurers. Do we have the expertise to do it ourselves, or should we hire a consultant? What's the nature of our liability? These questions dissuade many committees from moving ahead, especially since expected demand from participants is typically low.... For now, most employers' answer to the question 'annuity -- or not?' is simple: 'not in the plan, but in an IRA rollover.' And plan sponsors continue to work on other ways to make their plans more hospitable to retirees to create an attractive retirement destination for participants."

MORE >>