Does Your Plan Have A Retirement Income Philosophy?
Many plan sponsors are considering how to help participants meet the challenges associated with generating retirement income.
Corporate communications around retirement plans may become more complex as plan sponsors decide how, and whether, to support participants as they move from work into retirement. With that in mind, plan sponsors should consider the following issues:
A policy or philosophy that will guide plan decisions for retired participants and retirement income solutions.
Retirement plan solutions should be considered within the context of the plan’s retirement income philosophy.
Plan sponsors will need to develop and communicate the plan’s retirement income philosophy.
Learn more by reading Terry Dunne’s latest article in 401(k) Specialist.
The material in this blog is presented for informational purposes only. Millennium Trust Company performs the duties of a directed custodian, and as such does not sell investments or provide investment, legal or tax advice.