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Not-For-Profit Plan Sponsors and Participants Could Use More Lifetime Income Education
PLANSPONSOR; registration may be required
Sept. 27, 2017
"More than half (59%) of plan sponsors in the not-for-profit sector are concerned that employees will run out of money in retirement... [T]he top concern among sponsors is that workers would delay retirement due to inadequate savings (64%).... [L]ifetime income options across the board can be very complicated for several participants to comprehend.... [P]lan sponsors can benefit from a targeted, holistic approach to educating employees around key aspects of their retirement plans, including annuities as investment options."
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