Retirement plan sponsors in the healthcare industry want a provider who can give personal service and increase participant engagement and deferral rates.
As the #3 retirement plan provider in the healthcare market, Lincoln Financial Group understands how to meet the unique needs of today’s healthcare employees.1
Lincoln and healthcare
More than 750,000
participants in healthcare
More than 5,300
healthcare retirement plans
Retirement plan sponsors in healthcareUse insights from Lincoln research to deliver a better experience to plan sponsors in the healthcare market. Read more.
Engaging and motivating healthcare participants
When asked about their main objective for offering a retirement plan for healthcare workers, 76% of plan sponsors said it’s to help employees save money for retirement—yet only 27% feel they’ve been able to do that.3
We can work together to help plan sponsors achieve their goals with the Lincoln InStep® Participant Retirement Program. Lincoln InStep offers participant communication and education, on-site service, and comprehensive web tools and resources. Together, they help drive higher participant satisfaction and better retirement outcomes.
Our research reveals that retirement plan participants in healthcare fields respond well to one-on-one assistance. Our retirement consultants (RCs) help your clients' plan participants achieve increased retirement readiness by providing on-site personal service and customized solutions. Knowing that some healthcare employees work overnight shifts, our RCs have set up individual meetings and group sessions in the middle of the night to help participants plan for their futures.
- 63% who attended a one-on-one meeting in the past year increased their contribution rates4
- 61% who used a calculator on their plan provider's website in the past year increased their contribution rates5
- 50% who looked at a retirement income projection in the past year increased their contribution rates6
Service tailored to your goals
We partner with you to ensure a positive, personal experience. Your retirement plan sponsors each have a single point of contact—a dedicated relationship manager—backed by highly trained client service teams who provide sophisticated administrative services and comprehensive fiduciary and compliance support. You can rely on our expertise to:
- Simplify plan design
- Ease your administrative burden
- Understand plan conversions
- Manage mergers and acquisitions
- Provide comprehensive recordkeeping functions and compliance support
- Partner to create a customized solution to best fit your clients’ needs
Getting started with Lincoln
Learn more about the benefits of working with Lincoln, and help participants better prepare for retirement with confidence. Contact us today.
1LIMRA Secure Retirement Institute Not-for-Profit Retirement Market Report, First Quarter 2018.
2Lincoln Financial 1Q 2019 book of business.
3 Lincoln Plan Sponsor Research: A Focus on Healthcare Plans, 2016.
4 Lincoln Retirement Power® Participant Study, 2019.