Benefits Law Specialist Calls for All 401(k) Plans to Add Annuities
December 4, 2025 by Allison Bell
A benefits law specialist who once served on the Internal Revenue Service employee benefits legal team is making the case for building annuities into all 401(k) plans.
Andrew Stumpff Morrison — who is a former Davis Polk partner and a former University of Michigan law school lecturer — has proposed in a new working paper that the Internal Revenue Code should be amended to require that 3% of the annual plan contributions made on behalf of a participant should be used by the year’s end to buy a vested, standard deferred annuity for the participant.
Wink’s Moore on the Market: Should all 401(k)s have a mandatory annuity option?
An academic, Andrew Stumpff Morrison, says, “yes.”
Check it out. -sjm
Originally Posted at ThinkAdvisor on Nov 24, 2025 by Allison Bell.
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