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Prudential Retirement adds new plan sponsor clients Integra and USMD

NEWARK, N.J.--(BUSINESS WIRE)--Prudential Retirement announced today that it has added new plan sponsor clients Integra, a communications and network services provider, and USMD Holdings, Inc., a physician-led, integrated health system. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE:PRU).

“When we began the search for a recordkeeper for our defined contribution plan, one of our goals was to find a provider with strong capabilities in 401k plan design optimization”

“We are thrilled to be able to deliver sophisticated plan design analysis and investment flexibility to the employees of Integra and USMD,” said Harry Dalessio, senior vice president, Sales and Strategic Relationships, Prudential Retirement. “These new partnerships showcase how we work side-by-side with intermediaries and plan sponsors to equip plan participants with the tools they need to help prepare their employees for a secure Day One of retirement and beyond.”

Integra has 1,600 participants in its defined contribution plan with $65 million in assets. A privately owned company, Integra provides facilities-based communications and network services to enterprises, small and mid-sized businesses, government agencies and carriers, spanning the western U.S. with services in 11 states and 35 metro areas connected by more than 6,000 miles of company-owned long-haul fiber. Integra offers organizations of all sizes a full range of network, voice and data services and the connections they need to drive success in a digital economy. For more information about Integra, visit www.integratelecom.com.

“When we began the search for a recordkeeper for our defined contribution plan, one of our goals was to find a provider with strong capabilities in 401k plan design optimization,” said Felicity O’Herron, senior vice president, Human Resources at Integra. “We strive to offer our employees a robust and expertly managed array of benefits plans and a flexible, well-designed 401k is a key component of that.”

The conversion date for Integra occurred on May 1, 2014. Paula Hendrickson, CFP, senior vice president and director of Retirement Services at First Western is the advisor of the plan. “By understanding Integra’s goals and the retirement needs of their employees early on, we were able to find the right partners to deliver a superior client experience to Integra,” said Hendrickson.

USMD has 1,200 participants in its defined contribution plan with $91 million in assets. Headquartered in Irving, Texas, USMD serves the Dallas Forth Worth metropolitan area with more than 250 physicians and associate practiconers. USMD provides healthcare services to patients in just under 20 different specialties at its two hospitals, nine cancer treatment centers and nearly 70 physician clinics.

“Prudential is a great fit for our diverse workforce,” said Debbie Roberts, senior vice president, Human Resources at USMD Holdings, Inc. “Their expertise around the 401(k) plan design, along with the ability to communicate with and engage employees through a multi-media approach, really stood out as a differentiator.”

Joseph Calao, Charles “Pat” Reddell, Kristi Traylor and Jim Lacamp of UBS Financial Services lead the RFP process, helping USMD through the transition. The conversion date took place on January 1, 2014. David Altimont of the Dallas Lockton office will be the on-going consultant to the plan.

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 experience, Prudential Retirement helps meet the needs of over 4.0 million participants and annuitants. Prudential Retirement has $327.8 billion in retirement account values as of March 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 $1.1 trillion of assets under management as of March 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.



Prudential Financial, Inc.
Tanya Valle: 973-802-4370
Monique Reuben: 973-802-3745