Speak with a Registered Agent: 1-866-223-2121

Speak with a Registered Agent: 1-866-223-2121

401k Annuity Options are Increasing


According to “More 401(k) Sponsors Consider Annuities: Survey” from the National Underwriter Online News Service, the 401k annuity is becoming increasingly popular.  A recent survey from Watson Wyatt Worldwide Inc. shows that more and more employers are offering annuity products to employees participating in 401k programs.  Companies are looking to provide their employees with a steady stream of income after retirement and they are realizing that annuities are a great way to offer just that.

The U.S. Department of Labor is working to get employers to offer lifetime annuities or other comparable products in their defined contribution plans.  The WWW survey showed that 22% of employers with 401k plans offer annuity choices.  At least 10% more are considering adding the option for their employees.  The recent economic crisis forced many employees to hold off retiring because their 401k retirement accounts lost so much value.  Annuities are an investment vehicle that eliminates that risk of losing money in a bad economy so they are a great product from the employee’s standpoint.  The reason that employers were less apt to offer annuities in the past was a lack of employee demand and the administrative complexities.  Now that the 401k risks have been exposed, both employers and employees are looking for less-risky ways to use their 401k money for retirement.

For more information about the product mentioned in this article contact us here:

Information Request Form

If you have questions or would like more information, please complete this form and a licensed professional will be happy to help. For the fastest response, please select 'Phone' as your Contact Preference.

By providing your information and clicking 'Submit' above, you acknowledge that you have read and agree to this site's privacy policy. You also provide your consent to be contacted at the email address or phone number provided above (including any wireless number) by licensed agents or representatives from or on behalf of AFYI Holdings Group, LLC and other companies to provide the information requested and/or offer annuities or financial products. You understand that these calls or SMS messages may be generated using an automated telephone dialing system, a pre-recorded message, or artificial voice. Consent to receive such messages is not a condition to purchase any goods or services. You may opt out at any time by following the instructions in the messages you receive.  Receiving quotes and information through our website is free, and you are under no obligation to purchase any goods or services as a result of this request. You affirm that you are the subscriber of the provided telephone number or that the subscriber authorized you to provide the number. Message and data rates may apply. AFYI Holdings Group, LLC is committed to respecting your privacy and adhering to all applicable laws and regulations, including the Telephone Consumer Protection Act (TCPA).