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Choice of Lincoln Financial as Ballad Health’s retirement plan provider means direct savings to team members

Dear team members: You’ve been hearing for many months about the benefits of our merger into Ballad Health, and today I’m excited to let you know about a benefit our team members are going to feel directly. We’ve selected our Ballad Health retirement plan provider – Lincoln Financial Group, effective July 1, 2018 – and this choice will result in a savings to our team members of more than $700,000 a year in recordkeeping and administrative fees. That means more of the money you contribute each paycheck to your retirement plan will go directly into your retirement savings, and less of it will be spent on administrative fees. This will be reflected in your quarterly statements once we make the transition on July 1. Neither Wellmont nor Mountain States was able to obtain such favorable administrative fees alone, but together as Ballad Health, we can. We’re pleased that this synergy can directly benefit t eam…