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what is a 404(c) annuity plan? Pennsylvania

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  • what is a 404(c) annuity plan? Pennsylvania

    What is a 404(c) anuity plan? I am a member of a union and we have an annuity plan (that I was told was not a 401(k) plan) but that it was a 404(c) plan...Is that correct? As I see it, we have a 401(k) plan that falls under 404(c) rules...Can someone clarify this? I also have some questions on 'fiduciarys', their function, and their liabilitys....
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