Prudential Wins $5.7 Billion Retirement Services Client

Prudential Retirement has made a number of other high-profile announcements in the past six months.

The unit announced that it won three new defined contribution retirement plan clients, including Caliber Collision, a Texas collision repair company with $70 million in plan assets and Legal Services N&C of New York City, which has $37 million in plan assets.

Prudential Retirement also announced a new relationship with a third client, Wilkinson Barker Knauer LLP, a law firm in Washington. That plan did not release its asset total but has about 160 plan participants.

The parent company announced in May that it had picked Phil Waldeck to succeed Christine Marcks as president of the retirement unit. Marcks has decided to retire, Prudential said.

Waldeck was head of Prudential Retirement's investment and pension solutions division. The company picked Yanela Frias, the head of division's structured settlements team, to take over from Waldeck as head of investment and pension solutions.

Later in May, Prudential Retirement held a press conference in New York to publicize its efforts to promote the concept of financial wellness.

— Read Prudential Aims to Improve Retirement Saving Hygiene on ThinkAdvisor.