NEWARK, N.J.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24PRU&src=ctag” target=”_blank”gt;$PRUlt;/agt;–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:
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
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.