The Principal Financial Group has put together a guide on group immediate annuities for plan sponsors. Even though almost two-thirds of employees turn to employers for planning advice at retirement, only 37% of plan sponsors offer such guidance, according to LIMRA International.

"This educational tool provides valuable tips on using income annuities to meet the needs of retirees without adding burdensome costs and administrative headaches to company-sponsored retirement plans," said Chris Mayer, vice president of institutional annuities - retirement & investor services.

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