Over 50% of current Lincoln Alliance Program plan sponsor clients choose to make LifeStyle models available to their employees, according to the company, which charges no additional fee for the lifestyle models.
Each model is custom-designed for each plan by an investment consultant who evaluates the retirement plan’s investment options and develops three standardized asset allocations models for investor risk profiles — conservative, moderate or aggressive — based on the plan’s specific funds.
The online access ( www.LincolnAlliance.com ) to lifestyle models allows participants to:
- transfer current balances based on a lifestyle asset allocation model developed for their plan
- change future contribution elections to a designated lifestyle model
- view a model’s component funds and percentages and vary from them with their own personal allocations
The models are illustrative in nature and are not intended as investment advice.
In addition to the online options, participants can also elect or change lifestyle models via mail or by phone.
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