Wednesday, December 6th, 2023 A biweekly topical newsletter from PLANSPONSOR Income in Retirement Information for plan sponsors about income in retirement. SPONSORED AD Data and Research Plan Sponsors, Participants Want Retirement Income Education Despite different perceptions of retirement readiness, both plan sponsors and participants understand the importance of grasping the details of how to generate retirement income.   Benefits Plan Sponsors Face In-Plan Annuity ‘Tipping Point’ in 2024 An average of three out of four plan sponsors plan to make a decision on in-plan annuity income solutions by the end of next year, per new research from LIMRA. Benefits Unum Group Plans to Add Guaranteed Lifetime Income Options The financial insurance provider will roll out in early 2024 the option to transfer a percentage of their savings into an annuity, with another offering to follow in 2025. Benefits What to Consider When Adding Retirement Income Options Plan sponsors looking to branch out need to evaluate carefully and communicate clearly. Benefits How One Employer Successfully Guaranteed Lifetime Income for Its Employees For plan sponsors looking to implement in-plan retirement income but are scared to take the leap, RTX’s Lifetime Income Strategy can serve as an example. Benefits Selecting Retirement Income Options a ‘Deliberate’ Journey For plan sponsors who want to add decumulation options to defined contribution plans, taking a considered approach and fulfilling simple steps first are key.   Did someone forward you this newsletter? Sign up here to get PLANSPONSOR Spotlight directly in your mailbox!

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