Amid an atmosphere that promises change—think the Department ofLabor’s fiduciary rule, which will make fiduciaries out ofmany retirement plan advisors who currentlydon’t serve in that capacity—one company has beefed up itssmall business retirement plan programrather than contemplating an exit from the sector.
Lincoln Financial Group’s Retirement Plan Services business hasexpanded fund choices, increased services and changed its pricingstructure for its Lincoln Director employer-sponsoredretirement plan program for smallbusiness clients. It has also added options that will allow plansponsor clients to seek fiduciary support at a range of levels.
The Lincoln Director program is a retirement solution foradvisor and third-party administrator-serviced plan sponsorsfocused on 401(k) plans with assets of up to $10 million.
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