- Suite of Services is Designed to Help Employers Navigate the New 403(b)
Regulations -
PHILADELPHIA, May 29 /PRNewswire-FirstCall/ -- A recent study suggests that nearly half of all 403(b) plan sponsors are not familiar with the new 403(b) requirements issued by the Internal Revenue Service, and 8 out of 10 say they welcome compliance help.(1) To help plan sponsors comply with the new 403(b) plan regulations that will take effect January 1, 2009, Lincoln National Corporation (NYSE: LNC) has launched Lincoln 403(b)e SURE(SM) Advantage, a suite of services aimed at helping employers meet the new requirements and simplify administration.
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"While the new 403(b) regulations increase employer responsibility, the Lincoln 403(b)e SURE(SM) Advantage solution can ease their burden by providing a streamlined, simplified solution. " said Wes Thompson, president of Lincoln Employer Markets. "Lincoln's suite of services enable employers to meet the new administrative requirements while allowing their participants to reach a more secure retirement."
The new 403(b) regulations, the first in almost 40 years, will
dramatically increase the role of employers in governing investments,
transfers, documentation, administration and participant disclosures. The
Lincoln 403(b)e SURE(SM) Advantage suite of services include access to
expertise, products and tools that will help plan sponsors prepare for the
changes ahead.
Lincoln 403(b)e SURE(SM) Advantage offers plan sponsors:
-- Lincoln Financial Group's strength and expertise that comes with a
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