RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group (NYSE: LNC) announced today that its Retirement Plan Services (RPS) business has launched an easy-to-navigate, mobile optimized website for participants. With new tools, enhanced features and a clean dashboard design, the upgraded online experience delivers intuitive functionality that makes it easy for participants to take action — and to instantly see how those actions will impact their retirement outcomes.
“Our enhanced website not only makes it easier for our participants to increase their savings rate, but it also shows them how the money they’re saving will translate into income in retirement,” said Jamie Ohl, president of Lincoln Financial’s RPS business. “This is critically important because for retirement, the ultimate outcome is income.”
The online experience was developed to be mobile-optimized, allowing participants to intuitively navigate the website on any device. A clean dashboard design gives savers an overview of their current account balance, recent transactions, investments and contribution rate.
The new Retirement Income module allows participants to plug in some basic information about their finances and see if they are on track to meet their retirement savings goal. Based on the information a participant provides, the tool provides an easy to understand snapshot of what a participant’s projected monthly income will be in retirement. It also shows if they are on track to hit their goal, should give their savings strategy a “tune-up” or if they are far from their goal and need to “hit the accelerator” on saving.
“As we developed the new web experience, we did so with the participant’s point-of-view in mind,” said Sharon Scanlon, head of Customer Experience for RPS. “We developed the look and tools so it’s clear what their retirement picture looks like, and it’s easy for our participants to take steps to improve their retirement outcomes — from any device, at any time.”
Another new tool is the interactive contribution planner, which gives participants the opportunity to see the effect increased contributions will have on their paycheck and their retirement savings.
The website also includes a learning center, where participants can obtain information about various topics related to their financial wellness, including how to balance saving for retirement with paying off debt and understanding personal investment styles.
“We understand that people across the country are dealing with competing priorities and retirement isn’t always top of mind,” said Ohl. “But when they are ready to learn about their plan or take action, our new website allows them to do that with ease.”
About 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 $57 billion in assets under management as of September 30, 2016.
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help empower people 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 $228 billion in assets under management as of September 30, 2016. Learn more at: www.LincolnFinancial.com. Find us on Facebook, Twitter, LinkedIn and YouTube. To sign up for email alerts, please visit our Newsroom at http://newsroom.lfg.com.