Evaluating in-plan guaranteed income options

Choosing an in-plan guaranteed lifetime income option can be overwhelming, but you can follow steps for a prudent process to help fulfill your fiduciary duties.

The issue of sustainable lifelong income is gaining increasing attention. As a result, plan sponsors are considering investment products and services—including the Lincoln Secured Retirement IncomeSM solution— that may help participants obtain guaranteed income in retirement. In this white paper, Fred Reish and Bruce Ashton of Drinker Biddle & Reath LLP discuss the fiduciary process for selecting in-plan lifetime income guarantees and offer a proposed fiduciary checklist to help with that process.

Download the white paper, Lincoln Secured Retirement IncomeSM Solution: Fiduciary Process in Evaluating In-plan Guarantees .

Fred Reish and Bruce Ashton are partners in the law firm of Drinker Biddle & Reath LLP in the Employee Benefits & Executive Compensation Practice Group. Fred is chair of the Financial Services ERISA team and of the Retirement Income team. Both are frequent speakers and authors on employee benefits topics, especially fiduciary and prohibited transaction issues, and have co-authored four books together.

Lincoln Financial Group® affiliates, their distributors, and their respective employees, representatives, and/or insurance agents do not provide tax, accounting, or legal advice. Please consult your own independent advisor as to any tax, accounting, or legal statements made herein.

This material is provided by The Lincoln National Life Insurance Company, Fort Wayne, IN, and, in New York, Lincoln Life & Annuity Company of New York, Syracuse, NY, and their applicable affiliates (collectively referred to as "Lincoln"). This material is intended for general use with the public. Lincoln does not provide investment advice, and this material is not intended to provide investment advice. Lincoln has financial interests that are served by the sale of Lincoln programs, products and services.