TITLE

Annuities striking out among employers, employees

AUTHOR(S)
Davis, Andrea
PUB. DATE
April 2011
SOURCE
Employee Benefit News;Apr2011, Vol. 25 Issue 5, p24
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the acceptance of annuities within the 401(k) employee benefits plans. While traditional deferrEd fixed annuities have been available to put in 401(k) plans for some time, employers have been reluctant to adopt them for several reasons. As mentioned, fiduciary concerns, lack of portability, and high costs have hampered widespread acceptance of annuities. As reported, the main reason for employees being uncomfortable with inplan annuities is the fiduciary implications.
ACCESSION #
60720343

 

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