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Products November 9, 2005
Prudential Enhances DC Plan Product
November 9, 2005 (PLANSPONSOR.com) - Prudential
Retirement has added 100 new funds to its fund lineup in its
PruSolutions defined contribution plan offering.
Reported by Rebecca Moore
According to the announcement, the fund addition means that Prudential’s “Manager-of-Managers” sub-advised institutional fund lineup has added three institutionally sub-advised funds and eight Alliance funds, the registered Retail Mutual Fund platform now consists of 683 mutual funds from 35 fund families, and the Retail Mutual Fund platform added 5 fund families and 89 funds.
Features of the product also include:
- A range of compliance testing services, support for merger & acquisition activity and a fiduciary protection program that addresses three key areas of fiduciary risk: investment offerings, plan compliance and participant education and communication.
- Programs that feature targeted messaging with personalized data to engage participants and encourage them to take positive steps toward building a secure retirement.
- In addition, GoalMaker®, Prudential’s proprietary asset allocation tool for participants, is a standard part of the PruSolutions package.
PruSolutions, introduced in February, is targeted for qualified retirement plans with up to $20 million in assets (See Prudential Launches DC Product for Small Companies ).