HELP Subcommittee Explores Annuity Usage in DC plans
January 13, 2026 by Amanda Umpierrez
The Health, Employment, Labor, and Pensions (HELP) Subcommittee on Wednesday held a hearing to debate lifetime income options in retirement plans and whether policymakers should consider potential legislation that would promote the tools.
HELP Subcommittee Chairman Rick Allen (R-GA) began the hearing by acknowledging the impact of defined contribution (DC) plans to private sector workers, adding that of the 837,000 employer-sponsored retirement accounts today, 755,000 are DC plans with over 121 million participants and more than eight million dollars in assets.
Originally Posted at 401k Specialist Mag on Jan 7, 2026 by Amanda Umpierrez.
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