Prudential Retirement announced today that it has added new plan sponsor
client Pittsburgh Glass Works, LLC, a manufacturer and distributor of
automotive glass products. Prudential Retirement is a business unit of
Prudential Financial, Inc. (NYSE:PRU).
“We’re committed to help Pittsburgh Glass Works provide its employees
with a superior workplace retirement plan that will deliver better
outcomes and help prepare their employees for a secure Day One of
retirement,” said Harry Dalessio, senior vice president, Sales and
Strategic Relationships, Prudential Retirement. “We’re pleased they
chose Prudential Retirement to offer solutions and products that help
deliver positive results.”
Pittsburgh Glass Works, LLC has 3,500 participants in its defined
contribution plan with $232 million in assets. Founded in 1883,
Pittsburgh Glass is a global leader in the manufacturing and
distribution of a full range of automotive glass products, including
windshields, sidelites, backlites and sunroofs. PGW’s products serve the
automotive original equipment market as well as the aftermarket.
Pittsburgh Glass Works also subsequently added Prudential Retirement’s
managed account product as well. Michael Lepore and Gerry Goldberg of
Goldberg, Yolles and Lepore, LLC, which is affiliated with Wells Fargo
Advisors Financial Network, LLC, were the advisors to the deal and will
continue hereafter.
“Pittsburgh Glass, LLC requested our assistance in evaluating various
record-keepers as part of a request for proposal process. Prudential
ultimately prevailed because of its ability to clearly identify its
value-added proposition,” said Lepore and Goldberg in a joint statement.
Prudential Retirement delivers retirement plan solutions for public,
private, and non-profit organizations. Services include defined
contribution, defined benefit and non-qualified deferred compensation
record keeping, administrative services, investment management,
comprehensive employee education and communications, and trustee
services, as well as a variety of products and strategies, including
institutional investment and income products, pension risk transfer
solutions and structured settlement services. With over 85 years of
retirement experience, Prudential Retirement helps meet the needs of
over 4.0 million participants and annuitants. Prudential Retirement has
$330.5 billion in retirement account values as of June 30, 2014.
Retirement products and services are provided by Prudential Retirement
Insurance and Annuity Company (PRIAC), Hartford, CT, or its affiliates.
Prudential Financial, Inc. (NYSE:PRU), a financial services leader with
more than $1.1 trillion of assets under management as of June 30, 2014,
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 www.news.prudential.com.
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Copyright Business Wire 2014