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Lincoln Monetary Launches New Retirement Plan Participant Expertise

Share this…FacebookPinterestTwitterLinkedin RADNOR, Pa.–(BUSINESS WIRE)–Lincoln Monetary Group (NYSE: LNC) introduced at present the launch of its new retirement plan participant…

By Staff , in Investments , at January 6, 2022



RADNOR, Pa.–(BUSINESS WIRE)–Lincoln Monetary Group (NYSE: LNC) introduced at present the launch of its new retirement plan participant web site, that includes intuitive navigation and modern instruments to assist contributors plan for and obtain earnings in retirement.

The brand new mobile-adaptive design not solely supplies a easy and safe digital expertise, however presents contributors a transparent image of the place they’re on their paths to retirement, together with quick access to info that may assist them obtain their goal earnings objectives or enhance contributions on the click on of a button.

“By way of our newly redesigned website, contributors can entry personally related info and streamlined plan transactions — all designed to drive optimistic outcomes,” mentioned Sharon Scanlon, senior vice chairman of Buyer Expertise, Producer Options and Retirement Plan Companies Operations at Lincoln Monetary Group. “By way of analysis, person analytics and value testing, this new digital expertise is designed to assist meet the evolving wants, desires and expectations of plan contributors, and assist them save for and work towards the retirement they envision.”

In line with Lincoln Monetary Group’s 2021 Retirement Energy® research, almost eight in 10 U.S. employees have been motivated to reevaluate their funds, profession and retirement because of the pandemic.1 The newly enhanced website helps pave the best way for these searching for to enhance their monetary outlook, with digital instruments and performance that encourage contributors to have interaction extra with their accounts, usually test progress and take actions to assist enhance retirement readiness.

The brand new participant website options embrace:

  • My GoalSM device: This personalised digital calculator helps contributors estimate their retirement earnings and decide if they’re on monitor for retirement. Eight in 10 workers say there may be extra they wish to perceive on the subject of their retirement plans,2 and providing the fitting instruments, like retirement earnings projections and calculators might help workers perceive easy methods to make extra knowledgeable choices on the subject of saving, and the power to make modifications to maintain them on monitor.
  • Investments: New, easy-to-understand funding graphs assist contributors perceive the place their cash is allotted and the way their account has grown over time. The graphs supply context on the significance of consistency, even in durations of market volatility. And analysis exhibits that training regarding an worker’s private scenario, with real-life numbers, motivates them to behave: 78% of workers say they’d be motivated to save lots of extra for retirement (or begin saving) in the event that they felt extra assured about saving and investing choices.3
  • My Subsequent Steps: Though retirement planning could appear difficult, My Subsequent Steps makes it clear to contributors what actions they should take to assist enhance retirement readiness. Small steps like assembly with a retirement marketing consultant and updating beneficiaries might help give contributors the boldness and reassurance that their financial savings might generate ample earnings when wanted.
  • Cell-Enabled Navigation: Contributors can now handle their account anytime, wherever with a cellular adaptive design, whereas ongoing investments in cybersecurity assist preserve plan and participant info safe.

Along with elevated performance, the brand new on-line expertise additionally options a web-based content material hub with movies, articles and instruments to assist contributors educate themselves on the monetary matters which can be vital to them. The positioning additionally presents single sign-on entry to Lincoln WellnessPATH, a web-based monetary wellness resolution. Balancing monetary priorities is without doubt one of the major causes of stress amongst employees, with an amazing 90% of full-time U.S. workers saying they’re involved about some facet of monetary wellness.4 Providing direct entry to monetary wellness instruments might help contributors get rid of limitations and permit them to higher plan for and work towards their monetary objectives.

“At Lincoln, we’ve got the chance and the accountability to assist each participant we serve not simply save for his or her future, but additionally assist them stability their monetary wants at present,” mentioned Scanlon. “Our new on-line expertise helps obtain that, making it simpler for contributors to get an correct image of their holistic monetary scenario, and take optimistic steps wanted to assist safe their tomorrow.”

About Lincoln Monetary

Lincoln Monetary Group supplies recommendation and options that assist folks take cost of their monetary lives with confidence and optimism. At this time, greater than 17 million prospects belief our retirement, insurance coverage and wealth safety experience to assist tackle their way of life, financial savings and earnings objectives, and guard towards long-term care bills. Headquartered in Radnor, Pennsylvania, Lincoln Monetary Group is the advertising identify for Lincoln Nationwide Company (NYSE:LNC) and its associates. The corporate had $322 billion in end-of-period account values as of September 30, 2021. Lincoln Monetary Group is a dedicated company citizen included on main sustainability indices together with the Dow Jones Sustainability Index North America and FTSE4Good. Devoted to range and inclusion, we earned good one hundred pc scores on the Company Equality Index and the Incapacity Equality Index, and rank amongst Newsweek’s Most Accountable Firms. Study extra at: www.LincolnFinancial.com. Comply with us on Fb, Twitter, LinkedIn, and Instagram. Join e mail alerts at http://newsroom.lfg.com.

LCN-4016128-122


1 Lincoln Monetary Group’s 2021 Retirement Energy® research

2 Lincoln Monetary Group’s 2021 Retirement Energy® research

3 Lincoln Monetary Group’s 2021 Retirement Energy® research

4 Lincoln Monetary, Month-to-month Client Sentiment Monitoring Research, Might 2021





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