MetLife, Inc. and Alight, Inc. have announced a new partnership aimed at expanding access to institutional income annuities for defined contribution (DC) plan participants through the Alight Worklife platform. This move comes as more Americans express concern about outliving their retirement savings, with 62% identifying it as a major worry.
According to MetLife’s 2025 Enduring Retirement Model Study, there is increasing recognition among plan sponsors of the need for guaranteed income options in retirement plans. The study found that 93% of plan sponsors see the value in offering such solutions, and nearly two-thirds either already provide or plan to offer guaranteed retirement income products within five years. Additionally, 69% of workers believe having guaranteed sources of retirement income would help them achieve a comfortable retirement.
Graham Cox, Executive Vice President and head of Retirement & Income Solutions at MetLife, stated: “With so many workers feeling anxious about how to make their savings last in retirement, access to dependable income solutions is more important than ever. By teaming up with Alight, we’re not only meeting that need, but we’re also simplifying the path to lifetime income and helping today’s workforce retire with greater confidence.”
The collaboration will allow Alight’s clients to access MetLife’s Guaranteed Income (MGI) fixed immediate annuity and Retirement Income Insurance (RII) QLAC—a fixed deferred income annuity—within their DC plans. This integration enables participants to convert part of their savings into predictable monthly payments.
Rob Sturrus, Chief Client Officer at Alight, said: “This collaboration with MetLife brings the power of retirement simplicity, education and security together for today’s workforce. By providing MetLife’s innovative retirement income solutions directly from Alight Worklife, we’re helping employers offer their people a clearer, more informed path to retirement—one that makes their savings last a lifetime.”
Alight recently introduced a new Defined Contribution wealth solution in partnership with Goldman Sachs Asset Management (GSAM), which also incorporates lifetime income considerations into broader retirement planning strategies.
Despite growing adoption by employers, many employees still seek support regarding financial health from their companies. According to Alight’s 2025 Employee Mindset Study, only 42% of employees feel confident about their finances and over half want employer assistance on these topics.
Through this relationship, both companies aim to provide streamlined administration for plan sponsors—including tools and educational resources—and digital tools for participants designed to make converting savings into lifetime income easier via the Alight Worklife platform.
MetLife operates in over 40 markets worldwide and offers insurance and asset management services across several regions including Asia and Europe. More information can be found at metlife.com.
Alight provides cloud-based human capital technology services serving millions globally through its benefits administration platform. Details are available at alight.com.
Goldman Sachs Asset Management oversees approximately $3.5 trillion in assets as of September 30, 2025.
