MissionSquare Partners with Income America to Introduce In-Plan Income Solution

Strategic Insights -

MissionSquare, a US-based financial services company, has joined forces with Income America, LLC to launch the MSQ Income America 5ForLife Balanced Fund, an in-plan income solution designed to provide participants with guaranteed lifetime income starting at age 65. This collaboration aims to address the growing interest in retirement income solutions, helping employees build retirement security through holistic financial programs, investment products, and educational tools and services. The 5ForLife fund is available to approximately 9,200 employer plans managed by MissionSquare Retirement, which administers over USD 72 billion in assets.

Key Takeaways:

  • MissionSquare has formed a collaboration with Income America, LLC to introduce the MSQ Income America 5ForLife Balanced Fund, an in-plan income solution designed to provide participants with guaranteed lifetime income starting at age 65.
  • The 5ForLife fund is available to approximately 9,200 employer plans managed by MissionSquare Retirement, which administers over USD 72 billion in assets.
  • The fund offers a guaranteed lifetime income stream, with participants able to receive 5% of their income base per year, starting at age 65.
  • The fund also allows participants to benefit from market gains, with annual step-up opportunities to increase their income base.
  • Participants maintain control over their assets, with the ability to transfer or withdraw their balance at any time without penalties.
  • This collaboration further supports MissionSquare's efforts to help its participants build secure and sustainable retirements.
  • The 5ForLife fund is designed to address the pressing issue of guaranteed monthly retirement income for employees near or in retirement.

Statistics:

  • USD 72 billion: The amount of assets administered by MissionSquare Retirement.
  • 9,200: The approximate number of employer plans available to the MSQ Income America 5ForLife Balanced Fund.
  • 65: The age at which participants can start receiving guaranteed lifetime income from the 5ForLife fund.
  • 5%: The annual percentage of the income base that participants can receive from the 5ForLife fund.

Sources:

  • M2 EQUITYBITES, July 17, 2025, MissionSquare Teams with Income America.