SPARK & IRIC Simplify Lifetime Income: A Side-by-Side Guide to Retirement Income Options

Tim Rouse (Executive Director, Spark Institute) and Larry McQuaid (SS&C Technologies; Co‑Chair, Spark Retirement Income Committee) discuss the Spark Institute’s new Retirement Income Subcommittee, its mission, deliverables, and how advisors, plan sponsors, and recordkeepers can use the committee’s tools to evaluate retirement income solutions. Topics covered include the Spark data workbook, standardized evaluation guidelines, lexicon efforts to reduce industry jargon, how the framework supports fiduciary due diligence (including DOL proposed guidance), and the upcoming interactive “Retirement Income Solution Finder” and RFP resources to help plan sponsors make informed selections. Ideal for retirement plan advisors, recordkeepers, fiduciaries, and anyone involved in selecting retirement income products.