In a recent PLANSPONSOR article, “DOL Investment Safe Harbor May Not Do Much for Retirement Income,” Groom principal Kevin Walsh discussed the Department of Labor’s proposed safe harbor for fiduciaries evaluating retirement income investments. The article examines how the proposal could influence the adoption of lifetime income products and the practical considerations fiduciaries may face when applying the proposed framework.
Walsh noted that traditional investment metrics may not always be the best way to assess guaranteed income products, suggesting that fiduciaries instead ask, “How much lifetime income will [participants’] premiums support?” He also emphasized that evaluating product complexity will remain an important part of the fiduciary decision-making process.
To read the full article, click here.
