DOL Releases Final Regulations on Selecting an Annuity Provider

The Department of Labor has released final regulations regarding the selection of an annuity provider for "individual account" plans, such as 401(k), 457, profit sharing and money purchase pension plans. The new regulations establish a "safe harbor" for selecting an annuity provider for the purpose of providing annuity-based benefit distributions from these plans.

Click here to read a summary of the final regulations or click here to read the DOL's release.