Companies debate annuities for 401(k) plans

09/28/2010 | CFO.com

The federal government is unlikely to mandate that companies include an annuity option in their employees' 401(k) plans, experts say. The news could come as a relief to some chief financial officers who are concerned about potential liability from the products, which offer to turn nest eggs into a source of long-term income for retirees. Annuities have garnered interest as more employees look for ways to maximize their 401(k) savings.

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