Aker Solutions and Reser’s Fine Foods select Prudential to oversee retirement assets
29 May 2019 - 10:00PM
Business Wire
Aker Solutions, a global engineering company, and Reser’s Fine
Foods Inc., a national manufacturer and distributor of fresh and
refrigerated prepared foods, chose Prudential Retirement as record
keeper for their defined contribution retirement plans. Prudential
Retirement is a business unit of Prudential Financial, Inc. (NYSE:
PRU).
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Scott Gaul, head of Sales and Strategic
Relationships (Photo: Business Wire)
With $142 million in retirement assets, Aker Solutions’ plan has
1,273 participants and transitioned on March 1, 2019. Reser’s Fine
Foods Inc.’s plan transitioned on April 18, 2019.
Kevin Raymond, consultant and principal at Sellwood Consulting
LLC, is the advisor of Reser’s Fine Foods Inc.’s plan, and Sean
Waggoner, executive vice president at Alliant Retirement
Consulting, is the advisor of Aker Solutions’ plan.
For Aker Solutions, it was Prudential’s commitment to financial
wellness and ability to help their employees with all aspects of
their financial lives that influenced their selection. Reser’s Fine
Foods Inc. acknowledged Prudential’s experience working with
manufacturing clients set it apart.
“Our recordkeeping business continues to see momentum and these
latest client wins are a sign of our growth,” said Scott Gaul,
senior vice president and head of sales and strategic
relationships. “It’s also an indicator that our financial wellness
value proposition and 80 years of experience serving manufacturing
clients is resonating with advisors and employers.”
Prudential Retirement’s footprint in the manufacturing industry
includes overseeing $32.3 billion in assets across 730 plans that
provide financial security to 472,050 participants.
“We strive to attract and retain the best talent in our
industry,” said Julie Stewart, senior director of corporate human
resources at Reser’s Fine Foods Inc. “With Prudential, we know that
we have a partner who understands the challenges and complexities
facing our industry, which will inform their approach as our
retirement services provider.”
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 recordkeeping, 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 4.4 million participants and
annuitants. Prudential Retirement has $454 billion in retirement
account values as of March 31, 2019. Retirement products and
services are provided by The Prudential Insurance Company of
America (PICA), Newark, N.J., 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
March 31, 2019, 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.
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MEDIA:Monique
Freeman973-802-3745monique.freeman@prudential.com
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