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Pru Product To Serve Small 401(k) Plans

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NU Online News Service, Feb. 2, 2005, 4:10 p.m. EST

A Newark, N.J., insurer has introduced a program aimed at employers with $1 million to $20 million in retirement plan assets.[@@]

The insurer, Prudential Financial Inc., says its new PruSolutions program will offer a wide range of compliance and fiduciary protection services along with a flexible investment menu.

Employers can offer a menu of funds selected by Prudential, or they can choose menus from a list of 550 funds from 30 fund families.

The program will appeal to financial advisors by offering them access to special retirement services contacts, sales and marketing materials, and help with setting up plans, Prudential says.


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