NEWARK, N.J.--(BUSINESS WIRE)--Kelsey-Seybold Clinic, a Houston-based multispecialty group practice, chose Prudential Retirement as record keeper for its retirement plans. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE: PRU).
Prudential will oversee $413 million in retirement assets covering approximately 4,500 participants. The plan transitioned on Oct. 1, 2018.
“The U.S. health care sector is experiencing a period of change and Prudential Retirement has helped hundreds of healthcare institutions align their retirement plans with their broader business goals,” said Scott Gaul, senior vice president and head of sales and strategic relationships for Prudential Retirement. “Kelsey-Seybold Clinic saw us as a long-term, forward-thinking partner, with a multifaceted communications approach to educate their employees. They work to promote health, wellness, and giving back to the community, which is very similar to the work we do at Prudential.”
Kelsey-Seybold Clinic is the nation’s first National Committee for Quality Assurance (NCQA) accredited Accountable Care Organization.
“As a leading employer in the Houston area, Kelsey-Seybold is committed to developing benefit strategies that help attract and retain talented team members,” said Craig Vollmers, vice president of Human Resources, Kelsey-Seybold Clinic. “As the 401(k) administrator for our large group of participants, it is our fiduciary duty to review this aspect of our benefit offering – we are happy to partner with Prudential Retirement because of their long-standing track record of helping employees attain their financial goals for retirement.”
About Prudential Retirement
Prudential Retirement delivers retirement plan solutions for public, private, and nonprofit organizations. Services include defined contribution, defined benefit and nonqualified deferred compensation record keeping, administrative services, investment management, comprehensive employee education and communications, and trustee services, as well as a variety of products and strategies, including institutional investment and income products, pension risk transfer solutions and structured settlement services. With more than 85 years of retirement experience, Prudential Retirement helps meet the needs of 4.3 million participants and annuitants. Prudential Retirement has $432.6 billion in retirement account values as of June 30, 2018. Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, Connecticut, or its affiliates.
About Prudential Financial, Inc.
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more than $1 trillion of assets under management as of June 30, 2018, 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 news.prudential.com.