Lee Zeldin pulled no punches condemning Retirement Savings for Americans Act, which would establish federal program oversee private retirement plan.
Citing “unlawful decision to elevate unrelated policy goals over financial health of Plans,” participant charged 3 NY plans jeopardizing security.
Insurance and asset management industries have launched Annuity Research & Consulting to advise 401(k) plan sponsors and recordkeepers on annuities.
Many plan sponsors have yet to consider retirement income solutions and are hesitant about offering alternative investments.