Plans wait for new safe-harbor rule before offering annuities

Defined-contribution plan sponsors are reluctant to add annuities to plans until the Labor Department publishes a revised safe-harbor rule for guaranteed-income options. A poll by MetLife found that two-thirds of plans that don't offer annuities and other guaranteed-income options will be more likely to add them to their plans once the rule is announced.

PlanSponsor.com (9/7)