Many times, plan sponsors and their service providers put all of their energy into enrolling and educating new participants about the availability and features of the retirement plan and the way to sign-up for the plan. Little time is spent with those nearing retirement – strategizing regarding their distribution. Some of your service providers, industry groups and even some government agencies have begun to take note and turn their attention to lifetime income options in qualified retirement plans. For example, in its annual State of the Insured Retirement Industry: 2016 Review and 2017 Outlook, the Insured Retirement Institute reported that an expected trend for 2017 will be increased demand for lifetime income.
