Annexus Retirement Solutions

What Annexus Retirement Solutions does

Annexus Retirement Solutions, now operating as Vitera, is a Scottsdale, Arizona-based retirement product designer that builds institutional lifetime income solutions for the U.S. employer-sponsored defined contribution (DC) market. The firm's central offering is Lifetime Income Builder, a proprietary group fixed indexed annuity (FIA) with a guaranteed lifetime withdrawal benefit (GLWB) that Vitera invented and that is structured to be integrated directly into target date funds (TDFs) held inside a bank-sponsored collective investment trust. The architecture is designed to provide plan participants with automatic, default-eligible guaranteed lifetime income while preserving optionality to stay invested, draw income, or withdraw savings — eliminating the need for participants to make an active annuitization decision at retirement.

The technology stack combines insurance-issued FIAs (held by a trustee bank within the CIT) with a TDF wrapper that allocates across those FIAs and other investments to meet lifetime income objectives. The product is offered only to plans tax-qualified under IRC Sections 401(a), 403(b), or governmental 457(b) plans and is positioned to align with ERISA Section 404 fiduciary safe harbor. A separate product variant, the State Street | GTC Retirement Income Builder, embeds the same income architecture inside a structure where State Street (GTC) acts as the trustee of the underlying TDF series, broadening distribution access.

Vitera generates revenue by distributing these institutional FIA-based solutions to plan sponsors, consultants, and advisors through direct enterprise field sales, with multi-year contracts and fee structures described as competitive but not publicly disclosed. The firm is an affiliate of Apollo, which it leverages for distribution credibility and institutional backing across the retirement ecosystem. Vitera is a privately held LLC; it rebranded from Annexus Retirement Solutions in 2025 and named Rebecca Tadikonda as CEO to drive DC market expansion.

Name

Annexus Retirement Solutions

Legal name

Vitera, LLC

Website

https://annexusretirementsolutions.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

51–100 employees

Short description

Vitera (formerly Annexus Retirement Solutions) designs institutional lifetime income products, embedding a proprietary group fixed indexed annuity with a guaranteed lifetime withdrawal benefit into target date funds for U.S. employer-sponsored defined contribution retirement plans.

Ownership category

akta.pro rank

Headquarters

HQ city

Scottsdale

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Insurance Product Distribution: Revenue appears to be generated through the distribution of group fixed indexed annuities with guaranteed lifetime withdrawal benefits. The product is offered through employer-sponsored defined contribution plans, with fees built into the competitive fee structure mentioned.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Annexus Retirement Solutions (now Vitera) designs and distributes Lifetime Income Builder, a proprietary group fixed indexed annuity (FIA) with a guaranteed lifetime withdrawal benefit that is integrated into target date funds as the default investment for U.S. employer-sponsored defined contribution retirement plans. The product is offered as a turnkey, default-eligible solution to plan sponsors, consultants, and advisors, enabling automatic lifetime income generation for plan participants without requiring active financial decisions.

Product overview

Vitera (formerly Annexus Retirement Solutions) offers a unified retirement income solution architecture centered on its Lifetime Income Builder product—a group fixed indexed annuity with guaranteed lifetime withdrawal benefit. This core product is integrated directly into target date funds, which serve as the default investment option for retirement plans. The company also offers the State Street | GTC Retirement Income Builder as a product offering within their portfolio. All solutions are affiliated with Apollo and are designed for U.S. employer-sponsored defined contribution plans that are tax-qualified under Sections 401(a), 403(b), or governmental plans under Section 457(b).

Differentiator

Problem solved

Functional benefit

Brands

• Lifetime Income Builder: A group fixed indexed annuity with a guaranteed lifetime withdrawal benefit (FIA) that integrates lifetime income into target date funds for defined contribution retirement plans.

Products and services

• Lifetime Income Builder A group fixed indexed annuity with a guaranteed lifetime withdrawal benefit (FIA) invented by Vitera. It automatically integrates guaranteed lifetime income into target date funds as the default investment option within U.S. employer-sponsored defined contribution retirement plans tax-qualified under Sections 401(a), 403(b), or governmental plans under Section 457(b). Designed for plan sponsors seeking a fiduciary-compliant, default-eligible, turnkey income solution for participants.
• Target Date Funds with Lifetime Income A series of target date funds held in a bank-sponsored collective investment trust that seamlessly build guaranteed lifetime income into a retirement plan's default investment while following fiduciary best practices. Offered to plan sponsors of U.S. employer-sponsored defined contribution plans.
• State Street | GTC Retirement Income Builder A retirement income building solution offered in partnership with State Street (GTC), designed to provide guaranteed income solutions within defined contribution retirement plans via a Trust structure where State Street serves as trustee. Targeted at U.S. employer-sponsored defined contribution plans.

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• State Street (GTC)coreTechnology or IntegrationState Street GTC (Global Trademark Custodian) is a product partner for the State Street | GTC Retirement Income Builder solution. State Street serves as the trustee and manages the Trust that holds the target date funds.

Scale indicators2 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Prudential Financial: Major life insurer and annuity provider with significant retirement income offerings, including group annuities and defined contribution plan solutions. Comparable as a broad incumbent in the institutional lifetime income and annuity space.
• Voya Financial: Retirement-focused financial services firm serving defined contribution plans with target date funds and retirement income solutions. Comparable as a broad incumbent with overlapping DC plan offerings.
• Empower Retirement: Largest U.S. defined contribution recordkeeper, with growing retirement income capabilities and target date fund offerings. Comparable as a broad incumbent serving plan sponsors across the DC ecosystem.
• MetLife: Global insurer with a large group annuity and retirement income business serving defined contribution plans. Directly comparable as an established provider of in-plan lifetime income solutions to plan sponsors.

Direct peers

• Corebridge Financial: Major retirement and life insurance provider with group annuity and individual retirement income products, serving institutional DC markets. Comparable as a direct peer in the lifetime income / group annuity space.
• Jackson National Life Insurance Company: Leading seller of fixed indexed annuities in the U.S., including FIAs with guaranteed lifetime withdrawal benefit riders. Directly comparable on FIA architecture underpinning Vitera's Lifetime Income Builder.
• TIAA: Mission-driven retirement provider deeply embedded in U.S. defined contribution and defined benefit plans, with strong lifetime income and annuity offerings. The closest direct competitor in the DC retirement income space.
• Allianz Life Insurance Company of North America: Top-tier fixed indexed annuity carrier and a major institutional retirement income provider. Comparable as a direct peer offering FIA-based lifetime income solutions.
• Brighthouse Financial: Annuity-focused insurer with a strong fixed indexed annuity and group annuity franchise. Comparable as a direct peer offering FIA-style guaranteed lifetime withdrawal benefits for retirement plans.

Others

• State Street Global Advisors: Asset manager and trustee of collective investment trusts, including target date fund series used in DC plans. Comparable as a partner/ecosystem participant (existing partner via State Street GTC) with overlapping TDF infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/annexusretirementsolutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Annexus Retirement Solutions