Lincoln Financial Launches 403(b) Tool
June 1, 2008
Lincoln Financial Group has launched a new service aimed at helping employers navigate the new IRS 403(b) requirements that go into effect next January 1.
The Lincoln 403(b)e SURE Advantage will help plan sponsors meet the administrative burdens of the new regulation by providing help from legal, compliance, and account management specialists.
The tool offers sample documents for non-ERISA plans and custom document services for ERISA plans. It also comes equipped with Lincoln LifeSpan, a participant education service.
About half of all 403(b) plan sponsors are unfamiliar with the new regulations, Lincoln has found.
“In this new era of 403(b) plans, employers need more than just products to help them navigate the new regulations,” said James Racine, assistant vice president, Defined Contribution Strategy, Lincoln Employer Markets.
“They need guidance, expertise, and the right tools. These tools include plan document services, common remitter administration, compliance services, and consolidated reporting.”
For more information on related topics, visit the following:
