DIETRICH Celebrates 40 years, Guaranteeing 800,000 Retirees' Pensions
The retirement industry looked a lot different 40 years ago, but one thing remains the same,
Launching in 1980 with two ambitious employees, DIETRICH has since grown to be recognized as a leading pension risk transfer specialist, providing insured institutional solutions to plan sponsors and their advisors. Now well equipped with a dedicated underwriting, marketing, administration and client relationship team, DIETRICH has assisted in guaranteeing over 800,00 retirees' pensions, advising over 3,000 plan sponsors.
"Back when we started it was just an idea, a concept that made sense to us," said
Over the years,
Keeping ahead of industry trends has always been a strength at DIETRICH. They were the first to develop the concept of utilizing group annuity contracts to fund specific retiree pension plan obligations for plan sponsors to transfer pension risk to insurance companies, originally known as pension carveouts or annuity buyouts. Another novel tool developed at DIETRICH, the first real time online annuity quoting system, DIETRICH Direct Quote which has been commended and replicated by numerous retirement industry heavy hitters. Long before the recently passed SECURE Act, DIETRICH recognized the absence of guaranteed income options in 401k plans and created a guaranteed retirement income option for defined contribution plans.
Launched by DIETRICH in Spring 2018, ANNUA is the firm's Defined Contribution practice, uniquely positioned to offer innovative insured retirement income solutions to employers offering 401k plans and other defined contribution plans.
"40 years is a proud accomplishment and we have another 40 plus years ahead of us. We are looking forward to this special occasion by hosting celebratory events and sponsoring industry education related conferences like the
Read the full story at https://www.prweb.com/releases/dietrich_celebrates_40_years_guaranteeing_800_000_retirees_pensions/prweb16989549.htm
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