In-plan annuities: Potential new trend?

March 23, 2021 by Kristen Beckman

The dramatic volatility over the past 12 months due to the COVID-19 pandemic may be driving increased engagement in retirement planning and a heightened focus among both plan sponsors and participants on in-plan guaranteed lifetime income options.

According to the February 2021 TIAA Retirement Insights Survey, which polled 1,005 plan participants and 502 plan sponsors last fall, more than three-quarters of employees surveyed said they checked their plan account balance in 2020, and 61 percent visited a plan provider’s website.

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Originally Posted at Benefits Pro on March 18 2021 by Kristen Beckman.