Annexus and State Street to Create In-Plan Annuitization Program
April 5, 2022 by Allison Bell
State Street Global Advisors will be using a feature developed by Annexus to persuade employers to add lifetime income options to 401(k) plans.
State Street is putting the Annexus Lifetime Income Builder annuitization program in a new target date fund aimed at 401(k) plan sponsors.
State Street is an asset manager with $4.1 trillion in assets under management.
Annexus is an annuity product designer. Its Annexus Retirement Solutions arm is also participating in an in-plan annuitization product project with Nationwide.
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