Annuities are Prohibited Under ERISA §406, any transaction between a plan and a “party in interest” — such as the plan’s insurer, recordkeeper, or trustee — is per se prohibited. That includes the purchase or maintenance of a fixed annuity contract from an insurer that profits from spreads, affiliated services, or undisclosed compensation. The insurance … Continue reading Annuities Are a Prohibited Transaction — DOL Exemptions Do Not Work Update 1/4/26