RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group (NYSE:LNC), a leading provider of retirement savings plans in the healthcare industry, today announced its Retirement Plan Services (RPS) business has been retained by NorthStar Anesthesia as the provider for its 401(k) defined contribution retirement plan. NorthStar Anesthesia’s retirement plan services 1,500 participants, representing approximately $120 million in retirement savings. NorthStar Anesthesia has been with Lincoln since 2010.
“Lincoln Financial has been a great partner for our organization and teammates across the country,” said Angela Sherwood, Director of Human Resources, NorthStar Anesthesia. “They have continued to make it easier for participants to understand and make the most of their retirement benefits.”
Lincoln’s 401(k) offering to NorthStar Anesthesia employees includes comprehensive participant education resources designed to proactively help plan participants with all aspects of retirement planning. Participants also have access to Lincoln’s industry-leading web experience, including a Click-to-Contribute function that makes it easy for participants to increase their savings, and a Retirement Readiness Indicator, which helps participants understand if they are on track with their savings.
“We are thrilled to continue our partnership with NorthStar Anesthesia, and are dedicated to motivating participants to take actions that lead to better retirement outcomes,” said Jamie Ohl, President, RPS, Lincoln Financial Group. “We know thinking about retirement can be overwhelming, but we have the tools and the people to help participants achieve the retirement they envision.”
Lincoln’s multi-dimensional program provides custom tools to participants, including a combination of educational content, products, service, multimedia and in-person or online guidance that can help employees take key steps in the savings process.
About Lincoln Financial Group’s Retirement Plan Services
For more than 60 years, Lincoln Financial Group’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 $55 billion in assets under management as of June 30, 2016.
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help empower Americans to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $223 billion in assets under management as of June 30, 2016. Learn more at: www.LincolnFinancial.com. Find us on Facebook, Twitter, LinkedIn and YouTube.
About NorthStar Anesthesia
NorthStar Anesthesia is a company of caregivers, founded by an anesthesiologist and a CRNA. NorthStar partners with hospitals and ambulatory surgery centers (ASCs) nationwide to deliver a more productive and efficient model of anesthesia care. Its solutions approach focuses on successful transitions with ongoing team alignment, clinical excellence, operational efficiency, financial optimization and reporting and insights. Today, NorthStar Anesthesia runs successful anesthesia programs with approximately 2,000 providers at more than 180 facilities in 20+ states. Its care team approach focuses on the provision of high quality while measurably improving operating room performance. This approach attracted a majority investment from TPG Growth in 2013 and established NorthStar as one of the most successful and fastest growing anesthesia care companies in America. For more information, visit www.northstaranesthesia.com.