Wednesday, March 16th, 2022 A biweekly topical newsletter from PLANSPONSOR Income in Retirement Information for defined contribution (DC) plan sponsors about products, strategies and tools to help participants create retirement income. Administration Plan Sponsors Are Mulling Retirement Income Options Plan sponsors are taking a deliberate approach to adopting retirement income solutions for participants since the passage of the SECURE Act. Retirement Income Choices Seminar Join us June 8 – 10 in Orlando, Florida, for the 2022 PLANSPONSOR National Conference. A half day seminar on June 8 will focus on retirement income, with discussions about options to help participants create retirement income, the selection of income products, and more. Administration Social Security Replaces More Retirement Income for Low-Income Participants Plan sponsors can assist low- and moderate-income workers’ retirement readiness by educating them about the benefits of delaying Social Security until full retirement age. Participants Comfort With Annuities Could Help With Spending in Retirement One study finds few participants are likely to annuitize their retirement savings, while another suggests those who take a withdrawal deplete their funds in an average of five years. Investing Considerations for Tweaking the Investment Menu for Older Participants Participants approaching retirement and those who decide to remain in the plan need additional choices and can benefit from assets that aren’t correlated to equities. Products Groom Law Group Publishes Guide for Selecting Lifetime Income Options The paper aims to provide defined contribution plan fiduciaries with a practical tutorial for choosing lifetime income investments. Did someone forward you this newsletter? Sign up here to get PLANSPONSOR Spotlight directly in your mailbox!

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