In an era where fiduciary prudence should be paramount, many plan sponsors have dangerously abandoned the foundational ERISA principle of diversification in favor of single-insurer annuity contracts. Billions of dollars in retirement savings are now concentrated in fixed annuities—both general and separate account types—as well as through pension risk transfer (PRT) annuities. These contracts rely … Continue reading “Diversification Abandoned: Why Plan Fiduciaries Must Rethink Fixed Annuities and Pension Risk Transfers”