Company Overview of Prudential Retirement Services, Inc.
Prudential Retirement Services, Inc. provides retirement planning solutions to public, private, and not-for-profit organizations. Its services include recordkeeping and plan administration, investment management, employee investment education and communications, and trustee services. The company’s products include profit sharing, 401(k), 457, 403(b), group annuities, and cash balance plans. The company is based in Scranton, Pennsylvania. Prudential Retirement Services, Inc. operates as a subsidiary of Prudential Financial, Inc.
30 Scranton Office Park
Scranton, PA 18507
Key Executives for Prudential Retirement Services, Inc.
Senior Vice President of Marketing and Strategy
Senior Vice President and Head of Pension & Structured Solutions Business
Chief Operating Officer - MullinTBG
Compensation as of Fiscal Year 2014.
Prudential Retirement Services, Inc. Key Developments
MWRD Selects Prudential Retirement to Administer $220 Million MWRD Plan
Apr 22 15
Prudential Retirement announced that it has added new plan sponsor client Metropolitan Water Reclamation District of Greater Chicago (MWRD). The plan transitioned to Prudential Retirement in January. Segal Rogerscasey is the advisor to the plan.
Prudential Retirement Names Scott Kaplan as Head of Pension Risk Transfer Business Team
Mar 6 15
Prudential Retirement announced that Scott Kaplan has been named Head of the Pension Risk Transfer Business Team, effective immediately. Kaplan, a senior member of the Pension Risk Transfer leadership team, will continue to report to Phil Waldeck, the overall group Head of Pension & Structured Solutions. The rest of the PRT team remains the same, including Amy Kessler, who will continue to lead and grow the longevity reinsurance business in her current role as head of the longevity reinsurance team. Kaplan previously led risk transfer and risk management strategies for pension plan sponsors as senior vice president and head of Global Product and Market Solutions for Prudential’s Pension & Structured Solutions business. Kaplan previously served as the senior finance leader for the company's individual life insurance business and as managing director within Prudential’s Treasurer’s Department, where he co-headed the Corporate Finance Group and served as Prudential’s liaison with the rating agencies. He is also a former member of the core treasury team which led Prudential’s demutualization.
Prudential Retirement Promotes Gary Ward to Head of Stable Value
Jul 23 14
Prudential Retirement announced that Gary Ward, previously head of Prudential Retirement's Investment Only Stable Value Business, has been promoted to the head of Stable Value for Prudential Retirement. Ward will report to Jamie Kalamarides, senior vice president and head of Prudential Retirement's Institutional Investment Solutions. In his previous position as head of Prudential Retirement's Investment Only Stable Value Business, Ward oversaw $75.3 billion in institutional account values and the continued growth of the Defined Contribution investment-only channel as well as the successful development of a stable value wrap for 529 plans. Prior to joining Prudential Retirement's Stable Value business, Ward led the Strategy, Planning and Project Management organization at Prudential Retirement and the Full-Service Existing Business Pricing Team.
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