Products January 19, 2005

Lincoln K Plan Funding Offering Unveiled in NY

January 19, 2005 (PLANSPONSOR.com) - Lincoln Director, a pension- funding vehicle primarily in the 401(k) market, is now available in the state of New York.
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Funded through a group variable annuity contract issued by Lincoln Life & Annuity Company of New York, Lincoln Director facilitates a multi-manager approach, according to a news release. This allows participants to select from a variety of funds and styles.

According to the announcement, the features of Lincoln Director include:

  • flexible plan design to fit a broad range of plan types
  • simplified online plan maintenance and competitive fees
  • account access by phone or Internet
  • multi-manager platform using 14 fund families
  • diversity of investments covering a mix of asset classes and select specialty funds.

Delaware Investments, a member of Lincoln Financial Group, was chosen to manage a percentage of the plan’s assets, the announcement said.

Other asset managers include

  • Alliance Capital
  • American Century
  • American Funds
  • Deutsche Asset Management
  • Fidelity Investments
  • Franklin Templeton Investments
  • Janus
  • MFS Investment Management
  • Mondrian
  • Neuberger Berman
  • Wells
  • State Street Research
  • T. Rowe Price.

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