Did you know that 79% of retirees say that workers don’t know enough about investing to ensure retirement savings last through retirement?
Employees are looking to employers for guaranteed income solutions.
are interested in rolling some or all of their DC plan savings into a financial product that would guarantee income for life.
3 out of 4
retirees and workers say income stability is more important than preserving account balances or maintaining wealth.
Nearly 3 in 5
workers indicate an interest in using a portion of their savings to purchase a product that would guarantee monthly income at some later age
I want to share a new capability with you that transforms a traditional 401k savings plan into a pension-like plan providing the ability for participants to create guaranteed income for life based on their 401k account value.
Interested in learning more about this new type of pension-like plan for your employees?
All investments involve risk, including possible loss of principal. The target date is the approximate date when investors plan to start withdrawing their money. The principal value of a target fund is not guaranteed at any time, including at the target date.
Riders are additional guarantee options that are available to an annuity or life insurance contract holder. While some riders are part of an existing contract, many others may carry additional fees, charges and restrictions, and the policy holder should review their contract carefully before purchasing. Guarantees are based on the claims paying ability of the issuing insurance company.
This information was developed as a general guide to educate plan sponsors, but is not intended as authoritative guidance or tax or legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation. In no way does advisor assure that, by using the information provided, plan sponsor will be in compliance with ERISA regulations.