Lincoln Financial Group announced the addition to its in-plan guaranteed income investment offerings for defined contribution retirement plans.
Lincoln PathBuilder, powered by YourPath, will be offered to participants through a managed account or as a stand-alone investment option in a retirement plan; it provides exposure to a group annuity contract with an asset allocation investment fund.
Lincoln is making the addition as plan providers are adding these lifetime income options, seeking to tap a need for additional retirement income security in the 401(k) age.
Lincoln’s latest offering is available on its recordkeeping platform, but might be offered through other recordkeepers.
