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The use of defined contribution (DC) plans, especially to generate retirement income, is a critical topic in the retirement industry.


In the early fall of 2023, LIMRA undertook a brief scan of defined contribution (DC) industry professionals (DCIPs) engaged in the development, sales, and study of retirement income products. Forty-five DCIPs from 24 organizations responded. Key findings include:

  • Most agree that solving for retirement income is an industrywide problem.
  • Most agree that there is a place for both guaranteed and non-guaranteed solutions in DC plans.
  • They are split on why they think plan sponsors offer in-plan annuity investment options. Some believe it’s the result of advisor recommendations and others because sponsors feel an obligation to help their employees generate retirement income.

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