Adding Annuities still a concern for plan sponsors

February 13, 2023 by Ary Rosenbaum - The Rosenbaum Law Firm P.C.

There has been a push to add annuities to retirement plans, but I don’t see it gaining ground.

According to Alight, plan sponsors are hesitant to add it, which was part of the 2019 SECURE Act.

Alight’s data showed that among plan sponsors, 47% cite fiduciary concerns as a major reason for not adding annuities. 

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Originally Posted at JD Supra on February 7, 2023 by Ary Rosenbaum - The Rosenbaum Law Firm P.C..