Safe Harbor for Selection of Annuity Providers by Defined Contribution Plans

Wednesday, October 8th, 2008 | administrator

The DOL has now finalized its regulatlons establishing a safe harbor for the selection of annuity providers for distributions under an individual account plan. The safe harbor was required pursuant to the provisions of the Pension Protection Act.

Document Excerpt

This document contains a final regulation that establishes a safe harbor for the selection of annuity providers for the purpose of benefit distributions from individual account plans covered by title I of the Employee Retirement Income Security Act (ERISA).

Link http://www.dol.gov/federalregister/HtmlDisplay.aspx?DocId=21588&AgencyId=8&DocumentType=2

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