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The 401(k) Retirement Income Risk

In: Asset and Liability Management Handbook

Author

Listed:
  • Frank Sortino
  • David Hand

Abstract

In the last few years there has been a push from the Department of Labor (DOL), IRS, SEC and Congress to change 401(k) plans from savings plans at the full discretion of the employee to retirement plans with legislative requirements to target retirement income. Many practitioners are saying we are moving quickly to a 401(k) plan that looks like a ‘Defined Benefit plan at the participant level.’ In effect, everything is changing except that the participant must accept the risk. This puts a burden on all parties to understand and manage the true risks involved.

Suggested Citation

  • Frank Sortino & David Hand, 2011. "The 401(k) Retirement Income Risk," Palgrave Macmillan Books, in: Gautam Mitra & Katharina Schwaiger (ed.), Asset and Liability Management Handbook, chapter 6, pages 141-149, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-30723-0_6
    DOI: 10.1057/9780230307230_6
    as

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