Prudential Retirement announced today that it has added new plan sponsor
client Eat’n Park Hospitality Group, Inc., a personalized dining and
foodservice company. Prudential Retirement is a business unit of
Prudential Financial, Inc. (NYSE:PRU).
“We are thrilled that Eat’n Park chose to work with us,” says Harry
Dalessio, senior vice president, Sales and Strategic Relationships,
Prudential Retirement. “Our business prides itself on the ability to
deliver an integrated customer experience to plan sponsors in order to
help them provide successful Day One retirement outcomes for their
employees.”
Eat’n Park Hospitality Group, Inc., has 4,900 plan participants in its
defined contribution plans with $57 million in assets. Based in
Pittsburgh, PA, Eat’n Park began as a single car-hop style restaurant in
1949. Since its inception, the company has grown into a portfolio of
regional foodservice concepts focused on personalized dining. Today
Eat’n Park serves more than 50 million guests every year in its
restaurants, on college and corporate campuses, in retirement
communities and hospitals, and in every state through its online store.
“We selected Prudential because of its proven experience in the defined
contribution space and its ability to customize plans,” says Lisa
Harris, director, Benefits and Compensation at Eat’n Park Hospitality
Group. “Their robust education platform for participants and
administration capabilities enable us to confidently measure the overall
success of the plan to ensure it is the right fit for our participants.”
Megan Warzinski and Brendon Costa of Henderson Brothers Retirement Plan
Services were the advisors to the deal and will provide ongoing
consulting. The conversion date was August 1.
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