Retirement Income
NAPAFIRMPARTNERS
Chicago, IL • incomeamerica.com
Newport Beach, CA • in.pacificlife.com
Income America
Pacific Life
Key Contact(s)
Key Contact(s)
Matthew Wolniewicz 312.505.4793 • matt@incomeamerica.com
Chris McGlynn 860.639.9530 • chris.mcglynn@pacificlife.com Ruth Schau 949.482.5906 • ruth.schau@pacificlife.com Ahmet Kamil 949.219.6898 • ahmet.kamil@pacificlife.com
Firm Profile Income America is a unique collaboration of industry leaders who came together to create a revolutionary retirement solution: Income America 5ForLife, a series of CIT portfolios that provide guaranteed lifetime income. Income America 5ForLife is an innovative, unbiased, multi-insured, in-plan retirement income solution designed to help retirement plan participants save for a more secure future. With Income America 5ForLife, participants can contribute through payroll deductions and enjoy protection against market uncertainty during retirement.
Product Name Income America; Income America 5forLife
Primary Plan Size Market(s) Targeted Micro: <$1 million, Small: $1-$10 million, Mid: [$10-$100 million, Large: $100-$250 million, Mega: >$250 million, Mega Mega: >$1 billion
Which recordkeeping platform(s) is the platform connected to/with?* Lincoln
Firm Profile With over 150 years of financial strength as our foundation and 80 years since delivering our first group annuity solutions, Pacific Life continues to provide lifetime income and pension solutions that stand the test of time. Our team can customize a strategy helping deliver guaranteed lifetime income for your clients or employees.
Product Name Income Horizon by Pacific Life
Primary Market(s) Targeted Micro: <$1 million, Small: $1-$10 million, Mid: [$10-$100 million, Large: $100-$250 million, Mega: >$250 million, Mega Mega: >$1 billion
Financial and Nationwide
Which recordkeeping platform(s) is the platform connected to/with?*
How is it available in the plan?
The solution utilizes data integrators in order to ease the burden of recordkeeper integration and allow for scalability of the solution across platforms.
Managed account, Target-date Fund, Participant election/opt in
How is the product structured? CIT
What risk(s) is the solution seeking to address? Longevity, Sequence of returns; Inflation; Liquidity; Market risk, Mortality risk
Is there a guarantee/insurer? Yes
Guarantee Type GLWB
QDIA-compliant (qualified default investment alternative)? Yes
Is there flexibility as to when a participant can take income? Yes
If a participant is separated from service for any reason can they take their contract/investment with them? Yes
Will the income solution be used in conjunction with some sort of outsourced fiduciary? Yes
Are there fees for the solution? Explicit
How is it available in the plan? Managed account, Participant election/opt in, Target Date Funds
How is the product structured? CIT
What risk(s) is the solution seeking to address? Longevity, Sequence of returns, Liquidity, Mortality risk
Is there a guarantee/insurer? Yes
Guarantee Type SPIA, Something else
QDIA-compliant (qualified default investment alternative)? Yes
Is there flexibility as to when a participant can take income? Yes
If a participant is separated from service for any reason can they take their contract/investment with them? Yes
Will the income solution be used in conjunction with some sort of outsourced fiduciary? Yes
Are there fees for the solution? Explicit, Implicit
Other Solutions SPIA & QLAC *as of 6.30.23
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NAPABLACKBOOK2023