Lincoln Financial Group’s Retirement Plan Services business announced that the Lincoln Financial Mobile App is now available on the Apple Watch through the Apple App Store.
Participants can check their account balances and view their retirement income projection, as well as see their asset allocation and three most recent transactions on the watch.
The firm notes that its 2017 Retirement Power Participant Study showed the more competing priorities a participant reports, the less money they contribute to their retirement plan. Only 36% of individuals with eight or more competing priorities are contributing 10% or more to their retirement plan.
“The Apple Watch gives us one more way to cut through the clutter and connect with participants, to encourage them to take action to help meet their retirement goals,” says Sharon Scanlon, head of customer experience, retirement plan services. “A participant could see the income projection and decide to increase their contribution, or remember that it’s time to schedule their annual meeting with a Retirement Consultant—both positive actions that can help them save more for their retirement.”