Selecting a lifetime income solution for the plan and the insurer for that solution are fiduciary decisions. The chart included in this document provides suggested steps to help make those decisions. But first, plan sponsors need to understand why this is important. ERISA Section 404(e) imposes four legal steps in order to satisfy the ERISA prudence requirement in making these
important fiduciary decisions.

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  • October 4, 2021 Create Date
  • October 4, 2021 Last Updated
Lincoln - In-plan Income Checklist