Prudential Retirement announced today that it has added new plan sponsor
client Metropolitan Water Reclamation District of Greater Chicago
(MWRD). Prudential Retirement is a business unit of Prudential
Financial, Inc. (NYSE:PRU).
“We are honored that the MWRD has selected us as their new record
keeper, and we look forward to this new partnership,” says Harry
Dalessio, senior vice president, Sales and Strategic Relationships,
Prudential Retirement. “This latest win underscores our commitment to
solving America’s retirement challenges and demonstrates how we
collaborate with plan sponsors to help their participants reach their
retirement goals.”
MWRD has 1,818 participants in its defined contribution plan with $220
million in assets. The organization provides wastewater treatment and
stormwater management services to more than five million Cook County
residents. The plan transitioned to Prudential Retirement in January.
Segal Rogerscasey is the advisor to the plan.
“We are committed to providing our employees with a retirement plan that
works for them with built-in educational resources that can equip them
with the knowledge they need to successfully manage retirement plans,”
says MWRD President Mariyana Spyropoulos. “Prudential’s unique approach
to plan design and participant engagement model were key factors in our
decision to select them as our new record keeper.”
Prudential Retirement delivers retirement plan solutions for public,
private, and nonprofit 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 4.0
million participants and annuitants. Prudential Retirement has $363.8
billion in retirement account values as of December 31, 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 trillion of assets under management as of December 31,
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 2015