New DCIIA White Paper Focuses on Plan Distribution Options and Best Practices
Today DCIIA announced the publication of our latest white paper, “Design Matters: Plan DistributionOptions and Taking Money Out for Retirement.” The paper provides insights on how plan sponsors’decisions about plan distribution policies can play a critical role in participants’ retirement outcomes.
Increasingly, plan sponsors have begun to realize that options such as periodic partial withdrawals,partial annuitization, monthly/quarterly installment payments and other flexible distribution strategies can allow retired and other separated participants to readily turn their account balances into the type of income stream that best meets their individual financial needs. The distribution options available to participants and the framing of those options are key. In short, plan design matters.