RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group’s (NYSE:LNC) Retirement Plan Services business announces it was selected by Presence Health, the largest Catholic healthcare system in Illinois, as the provider for its 403(b), 401(k), 401(a) and defined benefit employer-sponsored retirement plan program in the fourth quarter of 2013. Presence Health includes more than 21,000 employees with more than $800 million in plan assets. Lincoln was the retirement plan provider for Provena Health, which merged with Resurrection Health Care to form Presence Health in November 2011.
“We strive to provide our employees with benefits, education and resources that will help them best prepare for retirement,” said Paul Skiem, Chief Human Resources Officer, Presence Health. “With Lincoln’s knowledge of our organization and the healthcare industry, we are well-positioned to provide a dynamic program that will help motivate our participants to plan and save for their future.”
Lincoln Financial’s offering to Presence Health includes participant retirement education and communications resources designed to proactively help plan participants with all aspects of retirement planning. This includes a combination of custom communications content, products, services, and one-on-one education support delivered online, by phone and in person through Lincoln Retirement Consultants.
“We are honored that Presence Health chose Lincoln as its employer-sponsored retirement plan provider and are pleased to build on our successful partnership with Provena Health,” said Chuck Cornelio, President, Retirement Plan Services, Lincoln Financial Group. “We have a deep understanding of the organization’s needs and are committed to boosting the retirement readiness of all Presence Health retirement plan participants. This win also reinforces our position as a top retirement plan provider in the healthcare sector.”
About Presence Health:
Created in November 2011 through the merger of Provena Health and Resurrection Health Care, Presence Health is the largest Catholic health system based in Illinois. Presence Health offers more than 150 locations around the state, in communities large and small, so health care access is convenient. With 12 hospitals, 27 long-term care and senior living facilities, dozens of physician offices and health centers, home care, hospice, behavioral health services and more, we care for people in all stages of life.
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 March 31, 2014.
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 $209 billion as of March 31, 2014. 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.