Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Products October 5, 2010
Lincoln Announces Retirement Plan Recordkeeping Platform Upgrade
October 5, 2010 (PLANSPONSOR.com) - Lincoln Financial has contracted with DST Retirement Solutions, a provider of retirement plan recordkeeping software, to enhance its recordkeeping and administrative services platform for plan sponsors, plan participants, and intermediaries.
Reported by Rebecca Moore
Lincoln said benefits of system conversion include:
- Enhanced reporting and access to plan information;
- Better online planning tools, calculators, and education materials;
- Enhanced call center technology; and
- User-friendly Web resources and self-service features.
“The Lincoln team will have access to technology to augment our already strong service offering,” said Chuck Cornelio, president of Defined Contribution, Lincoln Financial Group, in a press release.
Lincoln Financial provides education, resources, and tools to help its 24,000 plan sponsors provide retirement plan benefits to more than 1.4 million plan participants. The company has more than 50 years of experience focusing primarily on serving the needs of 403(b) plan sponsors in the health care and K-12 markets and 401(k) plan sponsors of small and mid-size businesses.
More information is at http://www.LincolnFinancial.com.You Might Also Like:
84 Lumber Co. Retirement Plan Sued for High-Fee Investments In-Plan
A lawsuit against the Pennsylvania-based company has alleged the plan’s recordkeeper fees were higher –than average and that the plan...
Humana Inc. Defeats Class Action Claims of Excessive 401(k) Fees
A federal judge in Kentucky ruled in favor of the Humana Retirement Savings Plan with a summary judgment and dismissed...
Ascensus Adding $3.9B to Recordkeeping Assets with Acquisition
Purchase will bring in-house Mutual of Omaha's 401(k) business, to which it had provided outsourced services for years.