Lincoln Financial Group (NYSE:LNC)’s Retirement Plan Services today announced it has been selected by Meridian Health as the provider for its 403(b), 401(k), 457 and Supplemental Executive retirement plan programs. A prominent not-for-profit health care organization in New Jersey, Meridian Health’s retirement plans serve 12,000 participants, representing approximately $410 million in retirement assets.
"With more than 50 years’ experience in the retirement plan business, Lincoln is a leading service provider to large health care organizations like ours," said Sherrie String, Senior Vice President, Human Resources, Meridian Health. "We chose Lincoln for their right combination of competitive cost, investment options and their commitment to personal service for both plan sponsors and their participants."
Lincoln’s offering to Meridian Health includes comprehensive participant education resources designed to proactively help plan participants with all aspects of retirement planning. The multi-dimensional program provides custom resources including a combination of educational content, products, services, and one-on-one support delivered in person, online and by phone.
"We are excited about our new partnership with Meridian Health and are dedicated to motivating participants to take actions that help boost their retirement readiness," said Chuck Cornelio, president, Retirement Plan Services, Lincoln Financial Group. "Lincoln is revitalizing the retirement planning process with a spirit of optimism and we are confident this approach will help Meridian’s team members as they prepare for getting to and through retirement."
Lincoln’s Retirement Plan Services business serves approximately 1.4 million participants and 23,000 plan sponsors as of December 31, 2012.
About Meridian Health
Meridian Health is one of New Jersey’s leading health care providers, comprising Jersey Shore University Medical Center and K. Hovnanian Children’s Hospital in Neptune, Ocean Medical Center in Brick, Riverview Medical Center in Red Bank, Southern Ocean Medical Center in Manahawkin, Bayshore Community Hospital in Holmdel, and Meridian Partner Companies that include home health services, skilled nursing and rehabilitation centers, ambulatory care, ambulance services, as well as outpatient and occupational health centers.
Meridian Health has consistently been rated among the top performing health systems in New Jersey for clinical quality, and is the recipient of numerous state and national recognitions for patient care and service excellence, including the distinction of being the first health system in the country to receive Magnet designation for nursing excellence by the American Nurses Credentialing Center, a distinction earned by less than 3% of hospitals nationwide. For more information on Meridian Health, visit www.meridianhealth.com.
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 $178 billion as of December 31, 2012. Through its affiliated companies, Lincoln Financial Group offers: employer-sponsored retirement plans; individual annuities and life insurance, group life, disability and dental insurance; 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.