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More Employers Are Adopting Lifetime Income Solutions for DC Retirement Plans
Willis Towers Watson Link to more items from this source
Sept. 4, 2019

"30% of employers currently offer one or more lifetime income solutions. That's an increase from 23% in 2016.... [T]he most prevalent options offered are systematic withdrawals during retirement (88%), lifetime education and planning tools (70%), and in-plan managed account services (44%).... Only 17% offer an in-plan asset allocation option with a guaranteed minimum withdrawal or annuity component, while 15% offer out-of-plan annuities at the time of retirement. In-plan deferred annuity investment options are also offered by 15% of these employers."  MORE >>

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