By Brian Anderson
Source: 401K Specialist
According to new research released today by Allianz Life, retirement plan sponsors “overwhelmingly” see the value of guaranteed lifetime income options—and are now ready to begin offering these new choices in their plans almost two years post-SECURE Act.
According to the new data, plan sponsors indicated that they believe offering a guaranteed lifetime income option is a wise move that will go over well with plan participants. Of those surveyed, 87% of plan sponsors believe providing an option to get income that is guaranteed for life in a retirement plan will lead to greater satisfaction with the plan itself.