Prudential Retirement has started the year off with a strong opening volley. The retirement business unit of Prudential Financial Inc., Newark N.J. (NYSE:PRU) that specializes in delivering retirement plan solutions for public, private and non-profit organizations has announced three new plan sponsor clients.
U.S. Epperson Underwriting Company, Boca Raton, Fla., will have Prudential Retirement service the $67 million that they have in total combined defined contribution, deferred compensation and defined benefit plans. "We selected Prudential based on the firm's passion, expertise and commitment to helping our employees not only get to retirement-but through retirement," said Mary Moore, associate vice president, Human Resources, U.S. Epperson.
Prudential Retirement has also taken over recordkeeping responsibility for the Auto Club of New York, Garden City, N.Y. Their defined contribution plan will place 580 plan participants and $18 million in plan assets under Prudential Retirements' purview."We selected Prudential Retirement as our 401(k) provider based on their expertise with employee plans and their commitment to quality client service,"said Robert Walters, Chief Financial Officer, AAA New York.
