Qualified and non-qualified individual annuities for participants in defined benefit and defined contribution plans can be purchased at group rates through our master contracts. By offering many competitive bids at group rates, as opposed to retail pricing, participants can receive more monthly income and plans sponsors can incur less cost per dollar of benefit.
Non-qualified annuities have dramatically increased in popularity as economic events have left participants questioning the value of their SERP benefits. By transferring these liabilities to an insurance company participants can shield their post-retirement benefits from potential plan sponsor creditors.
These transactions are complicated and require an understanding of applicable tax laws. Brentwood has successfully worked in this market on all size cases, from one participant to a single $600 million transaction.