Amassing a body of knowledge about retirement income issues, trends, products, and solutions is a key focus of the Institutional Retirement Income Council. The artifacts and work products available on this site can enable advisers and consultants to become subject matter experts on institutional solutions. By making income part of their practice, advisors and consultants can stay ahead of this trend and differentiate their practice. By sharing insights, opinions, best practices and evaluation tools, the IRIC and advisors / consultants are helping to ensure that plan sponsors feel confident in their decisions to enhance their defined contribution plans to include retirement income solutions.
Listen to an excerpt from Marty Schmidt, from a PLANSPONSOR Webcast, highlighting where the market is now.
Listen to an excerpt from Martha Tejera, from a PLANSPONSOR Webcast, underlining key questions Sponsors are asking.
Comparison of the SECURE 2.0 Act of 2022 and Present Law
Retirement Trends to Watch in 2023
As larger numbers of Americans near retirement age, a renewed focus on retirement income is expected.
From Auto-Enrollment to Auto-Escalation to Auto-Income: How DC Plan Defaults Can Evolve to Improve American Retirement Security
Evolving solutions available to sponsors, addressing fiduciary and portability concerns, and next steps for plan sponsors, record keepers, insurers and consultants.
Delivering Additional Income Through Lower-Cost Products and Services Available in the Defined Contribution Industry
An easy way for sponsors and advisors to improve financial wellness and retirement readiness programs.
Exploring the Process of Adding an Income Solution to Your Retirement Plan
A plan sponsor’s guide to retirement income; settlor functions and fiduciary considerations when adding income solutions to your plan.
Evaluation Scorecard for Retirement
Income Products
In this paper, Mendel Melzer and Julie Leinenbach introduce a set of metrics that plan sponsors and their consultants can utilize in assessing the suitability of a retirement income strategy in a DC plan.
Effective Due Diligence
This paper highlights some of the critical issues and questions that companies may consider as they evaluate guaranteed lifetime income options.
Fiduciary Considerations for Insured Retirement Income Products
Focus on guaranteed withdrawal benefits.
The Problem With Spending Too Fast
In this article, Fred Reish, et al. focus on different strategies that will produce a ‘safe’ withdrawal rate for individuals who participate in their employer’s 401(k) or 403(b) retirement plans.