The SECURE Act of 2019 includes a provision that creates a fiduciary safe harbor for selecting the insurance company to provide guaranteed retirement income, which would include annuities, for participants. The Act also includes provisions for projecting retirement income and for portability of the guaranteed income products. This program introduces those provisions, and then focuses on the safe harbor and what it does and doesn’t do.
- The provisions of the fiduciary safe harbor for selecting insurance companies.
- What fiduciaries must do to obtain the protection of the safe harbor.
- What the safe harbor covers and what it doesn’t.
- The roles of recordkeepers and advisors in guaranteed retirement income.