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Are Retirement Plan Sponsors Too Afraid of Longevity Annuities?
WealthManagement.com 
Feb. 11, 2016 "11 companies were offering QLAC products to plan participants as of September of last year. MetLife was the first -- and so far only -- insurer to issue a group QLAC for DC plans ... As of last month three plan sponsors are 'in the process of implementing it ... and we have several others that are going through the negotiation process.' ... [W]hile some [plan sponsors] are confident their provider-selection process would stand a challenge under ERISA ... others say they need additional clarity from the DOL on the process of selecting a provider[.]" MORE >> |
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