Products October 8, 2007

Lincoln Unveils Retirement Program for Small to Mid-Sized DC Plans

Lincoln Financial Group has released a retirement program for small-to-mid-sized plans that uses a mutual fund and collective fund-based platform, including recordkeeping and administrative solutions.
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The new program, Lincoln SmartFuture, offers 110 investment options, fiduciary guidance, discretionary account advice services, a flexible pricing structure, and program support for plan sponsors, according to a press release.

The fiduciary guidance offered by the plan includes investment selection, monitoring, evaluation, and substitution services. The program also provides plan participants with investment advice and education services geared toward individual learning styles, the company said.

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The Lincoln SmartFuture program can be used for a variety of defined contribution plans including 401(k), 401(a), governmental 457 and 403(b) plans.

The product also includes Lincoln LifeSpan education and investment models geared toward individual learning styles designed to help participants build investment knowledge with the option of investing in funds that combine a retirement target date with a participant’s risk tolerance.

“The Lincoln SmartFuture Retirement program is a significant offering for plan sponsors,” said Westley Thompson, president of Lincoln Employer Markets, in the news release. “The launch of Lincoln SmartFuture helps complete our product continuum and enables us to provide smaller-to-mid size employers with features generally reserved for plans of larger organizations.”

Deals & People October 8, 2007

Mutual of Omaha Names New VP of Retirement Services

Mutual of Omaha has named David Ahrendt, formerly of Lincoln Financial Group, as Vice President of its Retirement Services business.
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According to a press release, Ahrendt will manage sales, marketing, client services, operations, product development, and investments for the firm’s retirement services operation.

Prior to joining Mutual of Omaha, Ahrendt was vice president of Retirement Plans for Lincoln Financial Group in Philadelphia. He spent nearly 20 years at Nationwide Insurance Company working in accounting, compliance, administration, assistant to the CEO and vice president of Retirement Plans.

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“David’s vision, experience and energy will be a tremendous asset to Mutual’s Retirement Services area,” said Dan Martin, Mutual’s executive vice president of Group Benefit Services,” in the press release. “Through strong relationships built in the industry and his enthusiasm, David will help us continue the momentum to be a preferred solution for retirement plan sponsors and advisers.’

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