One Way to Solve the Retirement Savings Gap: Add Annuities to 401(k) Plans

Core Insights - The article discusses the potential for integrating annuities into 401(k) plans as a solution to the retirement savings gap, emphasizing the need for consumer education and product innovation [2]. Group 1: Regulatory Changes - The Department of Labor is implementing President Trump's directive to allow alternative assets in 401(k) plans, although progress has been hindered by a government shutdown [2]. - In August, the Department rescinded a statement from the Biden administration that discouraged fiduciaries from including alternative investments in employer-sponsored retirement plans [2].