Recent guidance issued authorizing the use of qualified longevity annuity contracts (QLACs) and their inclusion in target date funds will change plan administration and retirement income solutions.
In “Are You Looking at Retirement Income Alternatives? The DOL and IRS Are,” a webcast that will be held from 2:00-3:40 p.m. on Sept. 30, W. Waldan Lloyd, Shareholder, Employee Benefits and ERISA Section Chair at Nebeker and McCullough, will review this guidance, look at the world of guaranteed lifetime withdrawal benefits and the Department of Labor’s proposed initiative to expand communications to employees on annuitization of defined contribution plan accounts, and discuss how they may affect plan sponsors and their fiduciary responsibilities, service providers and participants.
Attendees will:
In “Are You Looking at Retirement Income Alternatives? The DOL and IRS Are,” a webcast that will be held from 2:00-3:40 p.m. on Sept. 30, W. Waldan Lloyd, Shareholder, Employee Benefits and ERISA Section Chair at Nebeker and McCullough, will review this guidance, look at the world of guaranteed lifetime withdrawal benefits and the Department of Labor’s proposed initiative to expand communications to employees on annuitization of defined contribution plan accounts, and discuss how they may affect plan sponsors and their fiduciary responsibilities, service providers and participants.
Attendees will:
- identify retirement income solution alternatives;
- gain an understanding of how the recent guidance impacts plan design, fiduciary duties, administration and asset decumulation; and
- find out how to assist plan sponsors in assessing their post-retirement role.
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