Lincoln Financial Group Selected As 457(B) Plan Provider For Washington Metropolitan Area Transit Authority Radnor, PA, April 2, 2014 - Lincoln Financial Group's (NYSE:LNC) Retirement Plan Services business today announced it has been selected by Washington Metropolitan Area Transit Authority (Metro) as the provider for its employer-sponsored 457(b) plan program. Metro has more than 6,200 plan participants with more than $385 million in plan assets. Metro is the regional transportation system in our nation's capital and serves a population of approximately 3.4 million people within a 1,500 square mile jurisdiction. "We are honored that Washington Metro Transit chose Lincoln as its 457(b) plan partner," said Chuck Cornelio, President, Retirement Plan Services, Lincoln Financial Group. "We fully support plan sponsors' efforts to help participants get to and through retirement with confidence. Lincoln is committed to boosting retirement readiness across all markets and this significant win demonstrates our proactive expansion into the government sector." Lincoln Financial's offering to Metro includes participant education resources designed to proactively help serve its mobile workforce. The offering includes custom communications, solutions, services, and one-on-one education support delivered online, by phone and in person through Lincoln Retirement Consultants.
About Metro Metro is essential to mobility, business development, regional connectivity and tourism in the Washington, DC, area. The system is midway through a massive six year, $6 billion rebuilding program, called MetroForward, to improve the system's safety and reliability, and is laying the groundwork for its long-term strategic plan, called Momentum, which will allow the Authority to provide expanded service for future growth in the region.
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