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    • New Bill Would Ease Use of Annuities as 401(k) Plan Default Options

    June 13, 2023 by Allison Bell

    A new bill could help annuities compete harder for retirement plan default investment option slots.

    Rep. Donald Norcross, D-N.J., and Rep. Tim Walberg, R-Mich., introduced H.R. 3942, the latest version of the Lifetime Income For Employees (LIFE) Act bill, Friday.

    H.R. 3942 would make the retirement plan “qualified defined investment alternative” role a better fit for annuities by easing asset access rules that now limit the use of annuities as QDIAs.

    Click HERE to read the full story via ThinkAdvisor

    Originally Posted at https://www.thinkadvisor.com/2023/06/12/new-bill-to-ease-use-of-annuities-as-401k-plan-default-options/ on June 12, 2023 by Allison Bell.

    Categories: Industry Articles
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