Integrating PensionEase will give companies and their personnel who have Defined Contribution and Outlined Gain ideas a much more seamless consumer practical experience
RADNOR, Pa., Feb. 13, 2023 /PRNewswire/ — Lincoln Economical Team (NYSE: LNC) and BPAS right now declared a strategic partnership to supply an built-in defined gain (DB) plan resolution, PensionEase, to its defined contribution (DC) shoppers who also sponsor a DB prepare. Via this partnership, BPAS will offer Lincoln Economic clients with full DB administration, such as recordkeeping, a tailored internet portal and participant-immediate products and services, creating a a lot more seamless customer experience for strategy sponsors and their contributors who have both equally DB and DC plans.
“Lincoln Monetary is fully commited to offering our strategy sponsors and members with comprehensive solutions and products and services that satisfy their evolving demands, when delivering a outstanding customer experience,” reported Matt Condos, senior vice president, Retirement Approach Services Product or service, Lincoln Monetary Group. “This partnership builds on the flexible, easy-to-use methods that both corporations offer to administer retirement ideas, as we function to aid Us citizens alongside just about every move of their retirement journey.”
The partnership boosts the companies readily available to Lincoln Economical clientele who have both of those DC and DB designs, with supplemental actuarial, consulting, rely on/custody and advantage payer alternatives, though leveraging a single signal-on resolution across strategies. It will produce thoroughly integrated DC and DB providers to far more than 45,000 individuals in designs at the moment served by Lincoln Money.
“We are honored to be picked by Lincoln as the lover to offer our gain administration alternative, PensionEase, to their program sponsors with Described Gain options,” stated Paul Neveu, BPAS CEO. “From our prior practical experience doing work with Lincoln on financial commitment and stable worth demands over the earlier 5 many years, we have been very amazed by their experience and are thrilled to keep on partnering with them in the coming a long time to provide further worth to their shoppers.”
About Lincoln Financial Team
Lincoln Money Team delivers assistance and methods that enable persons just take charge of their economical lives with self esteem and optimism. Right now, about 16 million prospects trust our retirement, insurance policies and prosperity protection knowledge to support deal with their way of living, personal savings and profits plans, and guard versus long-expression care fees. Headquartered in Radnor, Pennsylvania, Lincoln Economical Group is the marketing and advertising identify for Lincoln Countrywide Corporation (NYSE:LNC) and its affiliates. The business had $270 billion in conclude-of-time period account values as of September 30, 2022. Lincoln Economical Team is a fully commited corporate citizen included on significant sustainability indices which includes the Dow Jones Sustainability Index North The usa and FTSE4Superior and ranks among the Newsweek’s Most Dependable Corporations. Committed to range, fairness and inclusion, we are involved on transparency benchmarking applications these types of as the Corporate Equality Index, the Incapacity Equality Index and the Bloomberg Gender-Equality Index. Dedicated to supplying our employees with adaptable do the job arrangements, we have been named to FlexJobs’ record of the Top rated 100 Companies to Watch for Distant Careers in 2022. With a extensive and prosperous legacy of acting ethically, telling the truth of the matter and talking up for what is proper, Lincoln was recognized as a person of Ethisphere’s 2022 World’s Most Ethical Companies®. We create options for early vocation expertise by means of our intern progress software, which ranks amongst WayUp and Yello’s yearly list of Major 100 Internship Courses. Learn more at: www.LincolnFinancial.com. Abide by us on Fb, Twitter, LinkedIn, and Instagram. Indication up for e mail alerts at http://newsroom.lfg.com.
BPAS is a national supplier of retirement programs, profit ideas, fund administration, and institutional trust solutions. We make it our mission to simplify the intricate by delivering gain-prepare services that clear up customer challenges without the need of the need to have to have interaction several vendors. A person firm. One particular call. We assistance 4,500 retirement plans, $110 billion in have faith in property, $1.3 trillion in fund administration, and additional than 620,000 contributors.
The BPAS family members of solutions involves: Workplace Retirement Options, Actuarial & Pension, Healthcare Consulting, IRA, VEBA HRA, Health and fitness & Welfare Strategies, Fiduciary, Collective Expenditure Money, Fund Administration, and Institutional Trust.
Specialty tactics include: Automobile Enrollment Programs, Various Employer Trusts/Strategies, Plans with Employer Securities, Puerto Rico Area 1081 Ideas, VEBA HRA Options, Cash Balance Strategies, Collective Financial commitment Trusts, and Fund Administration.
BPAS subsidiaries incorporate: BPAS Have confidence in Company of Puerto Rico, World-wide Believe in Business, Hand Benefits & Trust, and NRS Have confidence in Solution Administration.
As a alternatives-oriented national practice, we are fully commited to “Resolving Tomorrow’s Benefit Issues Nowadays.” Take a look at bpas.com for more information and facts.
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Paul Neveu, CEO
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Lincoln Money Group
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