A news release said this will enable PSCA plan sponsor member companies to provide their retiring employees who are interested in investigating the benefits of a fixed payment stream with access to a Web-based annuity purchasing option that allows employees to compare income annuities from leading insurance companies. This annuity purchasing portal includes an education component but does not include access to guidance.
According to the announcement, the Hueler Income Solutions platform is designed for individuals seeking a fixed stream of income in retirement to augment their investment holdings, workplace retirement plan savings, and Social Security benefits. It allows retirement plan participants to obtain customized quotes on a real-time basis and evaluate directly comparable contracts from multiple companies.
Annuity quotes through the platform will be competitive due to competition and the low, fully disclosed, transaction fee. PSCA will not receive any remuneration in the event a plan participant chooses to purchase an annuity through the Income Solutions platform.
More about PSCA is at http://www.psca.org.More about Hueler Companies is at http://www.hueler.com.