Prudential Retirement, a business unit of Prudential Financial, Inc.
(NYSE: PRU) today announced it will serve as recordkeeper for the Navy
Exchange Service Command’s (NEXCOM) 401(k) plan, effective August 1.
“Prudential Retirement is pleased to announce its new partnership with
NEXCOM,” said George Castineiras, senior vice president, Total
Retirement Solutions, Prudential Retirement. We are committed to help
NEXCOM provide its employees with a superior workplace retirement plan
that will deliver better retirement outcomes for its employees.”
NEXCOM, a Naval command that operates 300 stores worldwide with over
14,000 employees, provides military members, retirees and their families
with a wide array of retail products and services.
The plan holds approximately $188 million in assets for about 6,466
participants.
Prudential Retirement delivers retirement plan solutions for public,
private, and non-profit organizations. Services include state-of-the-art
record keeping, administrative services, investment management,
comprehensive employee investment education and communications, and
trustee services. With over 85 years of retirement expertise, Prudential
Retirement helps meet the needs of over 3.6 million participants and
annuitants. Prudential Retirement has $299.4 billion in retirement
account values as of March 31, 2013.
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with
approximately $1.06 trillion of assets under management as of March 31,
2013, has operations in the United States, Asia, Europe, and Latin
America. Prudential’s diverse and talented employees are committed to
helping individual and institutional customers grow and protect their
wealth through a variety of products and services, including life
insurance, annuities, retirement-related services, mutual funds and
investment management. In the U.S., Prudential’s iconic Rock symbol has
stood for strength, stability, expertise and innovation for more than a
century. For more information, please visit http://www.news.prudential.com/.
Retirement products and services are provided by Prudential Retirement
Insurance and Annuity Company, Hartford, CT or its affiliates.
0248229-00001-00
Copyright Business Wire 2013