NEWARK, N.J.--(BUSINESS WIRE)--Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU) today announced it will serve as recordkeeper for the Navy Exchange Service Command’s (NEXCOM) 401(k) plan, effective August 1.
“Prudential Retirement is pleased to announce its new partnership with NEXCOM,” said George Castineiras, senior vice president, Total Retirement Solutions, Prudential Retirement. We are committed to help NEXCOM provide its employees with a superior workplace retirement plan that will deliver better retirement outcomes for its employees.”
NEXCOM, a Naval command that operates 300 stores worldwide with over 14,000 employees, provides military members, retirees and their families with a wide array of retail products and services.
The plan holds approximately $188 million in assets for about 6,466 participants.
Prudential Retirement delivers retirement plan solutions for public, private, and non-profit organizations. Services include state-of-the-art record keeping, administrative services, investment management, comprehensive employee investment education and communications, and trustee services. With over 85 years of retirement expertise, Prudential Retirement helps meet the needs of over 3.6 million participants and annuitants. Prudential Retirement has $299.4 billion in retirement account values as of March 31, 2013.
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $1.06 trillion of assets under management as of March 31, 2013, 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 http://www.news.prudential.com/.
Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company, Hartford, CT or its affiliates.