Pru Testifies On Disclosure

Representatives from Prudential Financial Inc. are asking federal regulators to let retirement plan administrators take a more flexible approach to helping participants understand the plans.

Prudential, Newark, N.J., sent a team to testify at a meeting of the ERISA Advisory Council, an arm of the U.S. Labor Department.

The Prudential executives said the Labor Department, the U.S. Treasury Department and the U.S. Securities and Exchange Commission should work harder to coordinate retirement plan notice and disclosure requirements.