Lincoln Financial Group’s (NYSE:LNC) Retirement Plan Services business
today announced it has been selected by Washington Metropolitan Area
Transit Authority (Metro) as the provider for its employer-sponsored
457(b) plan program. Metro has more than 6,200 plan participants with
more than $385 million in plan assets.
Metro is the regional transportation system in our nation’s capital and
serves a population of approximately 3.4 million people within a 1,500
square mile jurisdiction.
“We are honored that Washington Metro Transit chose Lincoln as its
457(b) plan partner,” said Chuck Cornelio, President, Retirement Plan
Services, Lincoln Financial Group. “We fully support plan sponsors’
efforts to help participants get to and through retirement with
confidence. Lincoln is committed to boosting retirement readiness across
all markets and this significant win demonstrates our proactive
expansion into the government sector.”
Lincoln Financial’s offering to Metro includes participant education
resources designed to proactively help serve its mobile workforce. The
offering includes custom communications, solutions, services, and
one-on-one education support delivered online, by phone and in person
through Lincoln Retirement Consultants.
The Washington Metropolitan Area Transit Authority, known as Metro,
provides rail, bus and paratransit service to a 1,500-square mile area
that includes Washington, DC, and surrounding jurisdictions in Maryland
and Virginia. The 106-mile Metrorail system is the second busiest in the
United States, with 218 million annual trips, including more than
700,000 trips on a typical weekday. Metrobus is the sixth largest bus
system in the nation, providing 132 million annual trips on 318 routes.
MetroAccess provides paratransit service for more than 7,000 riders on a
Metro is essential to mobility, business development, regional
connectivity and tourism in the Washington, DC, area. The system is
midway through a massive six year, $6 billion rebuilding program, called
MetroForward, to improve the system’s safety and reliability, and is
laying the groundwork for its long-term strategic plan, called Momentum,
which will allow the Authority to provide expanded service for future
growth in the region.
About Lincoln Financial Group’s Retirement Plan Services:
For more than 60 years, Lincoln Financial’s Retirement Plan Services
(RPS) business has been helping savers boost their retirement readiness
through employer-sponsored plans. Our distribution force of more than
400 professionals, including institutional and wholesale distribution
channels and advisor-based sales teams, work to provide plan sponsors
with retirement plans that not only meet the unique needs of their plan
participants but also align with sponsors’ total rewards strategies and
help recruit and retain top talent. RPS Retirement Consultants,
available onsite, online and by phone, develop long-term one-on-one
relationships with savers to help motivate them to take actions that
lead to better retirement outcomes. RPS offers personalized services,
solutions and education to help plan participants get to and through
retirement. The business serves approximately 1.4 million participants
through 22,000 plan sponsors with $52 billion in assets under management
as of December 31, 2013.
About Lincoln Financial Group
Lincoln Financial Group is the marketing name for Lincoln National
Corporation (NYSE:LNC) and its affiliates. With headquarters in the
Philadelphia region, the companies of Lincoln Financial Group had assets
under management of $207 billion as of December 31, 2013. Through its
affiliated companies, Lincoln Financial Group offers: annuities; life,
group life, disability and dental insurance; employer-sponsored
retirement plans; savings plans; and comprehensive financial planning
and advisory services. For more information, including a copy of our
most recent SEC reports containing our balance sheets, please visit www.LincolnFinancial.com.
For more information, including a copy of our most recent SEC reports
containing our balance sheets, please visit www.LincolnFinancial.com.
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