Submitted by tom on
There is a good article in CFO Magazine that discusses in-plan annuities--in other words, annuities within defined contribution pension plans such as 401k.
Per usual, lots of curiousity and interest among employees (at least in knowing more and understanding the options that might be available to them).
On the other hand, employers / plan sponsors are hesitant to say the least--primarily due to the fiduciary liability issue.
For example, out of the 19,000 defined contribution plans administered by Fidelity, only 1 offers an annuity option and only 10 percent of that plan's participants take advantage of that option.
Companies:
Forums:
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