Navigating the SECURE way to provide Guaranteed* Income

Helping your employees plan for 30+ year retirement


Understanding the safe harbor requirements when introducing guaranteed income solutions into workplace savings plan

Delayed retirement could mean increased costs for employers.1 Creating options for your employees to successfully transition into retirement doesn’t have to be challenging or confusing. We previously explored the importance of guaranteed income, the benefits to employees and employers, and why now is as critical a time as ever to talk about it.

In this Workplace Thought Leadership piece, we will address common questions plan sponsors may have about adopting guaranteed income solutions and how the SECURE Act** enables plan sponsors and fiduciaries to offer guaranteed income to plan participants as a vital component of a financially secure retirement.

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Continuing to innovate in the retirement income space
For clients that have these resources enabled, we’re adding more educational content within the NetBenefits® experience to help employees make sense of it all. This educational content is another example of how we continue to build and innovate in the retirement income space to meet the diverse needs of your employees—to help them go from saving to living.

Along with this education comes support from our planning consultants. Our team of planners can evaluate the scenario to help determine if a guaranteed income annuity may be a good option and, if the employee is interested, provide a referral*** to learn more about the Fidelity Insurance Network®, our marketplace of reputable insurers.

If you have any questions, please reach out to your managing director.

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*Annuity guarantees are subject to the claims-paying ability of the issuing insurance company.

**These changes were made as part of the spending bill that was signed into law on December 20, 2019. Please be patient as we understand the new law, work with regulators, and design practical and effective solutions. Awaiting regulatory guidance on key provisions. The lifetime income safe harbor applies only to fiduciaries under ERISA. The lifetime income disclosures are required only for participants in ERISA-covered plans.

***Only appropriately insurance-licensed and appointed representatives can discuss the specific benefits and features of annuities available at Fidelity.

This is not a complete list of changes. Check with your tax advisor regarding your specific situation.

1 Fidelity Investments 2020 Plan Sponsor Attitudes Survey

Fixed annuities available at Fidelity are issued by third-party insurance companies, which are not affiliated with any Fidelity Investments company. These products are distributed by Fidelity Insurance Agency, Inc., and, for certain products, by Fidelity Brokerage Services, Member NYSE

For plan sponsor and investment professional use only.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

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