In-Plan Guaranteed Income: What Do Sponsors and Participants Want?
85% of DC plan participants wish their employer’s retirement plan had an option to help generate income in retirement. Meanwhile, 8 in 10 sponsors agree that participants need in-plan income options – yet less than a quarter are very familiar with the SECURE Act safe harbor (1).
Please join us as Glenn Dial, Senior Retirement Strategist at American Century Investments, shares these and other recent insights on sponsor and participant demand for in-plan retirement income solutions.
Highlights include:
• Product features that get high – and low – marks
• Why “annuity” is a dirty word – and what types of products hold the most appeal
• Fiduciary and implementation considerations for sponsors
(1) Greenwald Research 2021 In-Plan Insights Program.