Hueler Companies has expanded its Income Solutions platform to include a new offering.
The additional service is designed to meet the needs of plan sponsors whose defined contribution (DC) plans include a qualified plan distributed annuity (QPDA) as a normal form of distribution. Now, employers who have DC plans with an annuity as a normal form of distribution, oftentimes referred to as a qualified joint and survivor annuity (QJSA) option, will be able to facilitate qualified annuity quotes and purchasing for participants covered under the plan.
“We are excited to deliver a long overdue solution to the many plan sponsors seeking a prudent process for meeting their fiduciary duties related to a QPDA option. This new QPDA program, offered in conjunction with the Income Solutions rollover program, creates a comprehensive lifetime income platform for meeting the needs of both in plan and out of plan distribution options,” says Kelli Hueler, founder and CEO of Hueler Income Solutions, LLC.
Hueler’s new offering embodies the same prudent fundamentals that its Income Solutions lifetime income platform offers. Plan sponsors now have access to a universe of high quality insurers offering annuity quotes at a low cost through comparable competition with the goal of producing better outcomes for participants. The program is designed to provide participants with a simple, streamlined process to request and review quotes from multiple insurers based upon the annuity distribution options outlined by their employer-sponsored plan.The Income Solutions platform is a web‐based lifetime income annuity purchase system.