A new area of class action litigation is on the rise - general account fixed annuity products used as cash alternatives in retirement plans.
These products are being evaluated for:
- Comparative yield vs. other fixed annuities
- Credit quality and risk
- Liquidity provisions (even at the participant level)
- Contract structure and guarantees
As a fiduciary, understanding these elements is critical to ensuring your plan lineup is both competitive and compliant.
Watch Erik's video discussing this topic in the latest installment of our Fiduciary Focus series.
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