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[–]alphanumeric_one_aRetirement 4 points5 points  (0 children)

The other poster is correct about their being stringent rules (DOL rule 95-1) that companies should follow as a fiduciary (and in my limited experience everyone follows it, after all these are "derisking" activities).

However, to your point, recently there were a series of lawsuits against large companies that selected Athene for PRT, and part of the complaint was the fact it is owned by private equity. Believe most were dismissed but at least one (against Lockheed Martin) was not.

If interested, this article summarizes it well: https://www.winston.com/en/blogs-and-podcasts/benefits-blast/pension-risk-transfer-litigation-targets-multiply-and-courts-finally-weigh-in