News | 09.05.19
Employers Adding More Lifetime Income Options to DC Plans: Survey
Employers are adding more lifetime income options to defined contribution plans, although the most popular components remain the easiest to adopt, according to a report by Willis Towers Watson, based on a survey of 164 DC plan executives. According to the survey, 30 percent of sponsors said they had adopted one or more lifetime income options this year, compared to 23 percent in 2016. The options most often adopted are partial and/or systematic withdrawals from plans during retirement, lifetime education and planning tools, and in-plan managed account services with optional payout services.
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