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DC Plan Sponsors Still Shunning Annuities

This PLANSPONSOR article by Rebecca Moore, reports on recent survey findings in a DC plan survey that while half of DC plans offer some kind of retirement plan income solution, a little more than 10% mention the use of an annuity and only 3% use an annuity placement service and 3% offer in plan guaranteed income for life. Plan sponsors cited fiduciary uncertainty for the limited support and lack of participant need or demand, alternatively studies have shown that participants prefer retirement income security.

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