Are Plan Sponsors really asking for retirement income options?

I have seen some great articles about plan sponsors and issues surrounding retirement income options. They talk about obstacles to implementation and some talk about articles about plan sponsors interested in it.

Quite honestly, I have yet to see plan sponsors on my end, ask about it. Most don’t know about it and without a mandate demanding that plan sponsors offer one, I just don’t see it taking off for most small and medium-sized plans. There is no benefit for a plan sponsor to add one and I see no benefits for most plan providers to offer them as well.

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