The case for in-plan lifetime income solutions for DC plans is clear, so why the reluctance to implement? 

In Politics by Michael Rae

Defined contribution retirement plans are commonly criticized for their lack of a guaranteed lifetime income, but with the availability of annuity options for retirees, this concern is largely unfounded. Any retiree with a lump sum of money saved has access to a variety of annuities, even if having these products available internally in one’s employer-provided retirement plan may be preferable. Despite the value of in-plan guaranteed income solutions, signs point to a marked lack of these options in existing defined contribution (DC) plans. 

A 2021 Black Rock survey indicates that 96 percent of 225 large 401(k) and 403(b) plan sponsors feel

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