California plan re-commits to Prudential

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California plan re-commits to Prudential

NEWARK, N.J.--(BUSINESS WIRE)-- Prudential Retirement announced today that Alameda County, a government plan client for more than 20 years, has recommitted their retirement plan to Prudential Retirement. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYS: PRU) .

Alameda County, located in the East Bay area of Northern California, has both a 457(b) and 401(a) plan. Together, total assets are more than $425 million with 5,500 participants.

"We are pleased officials at Alameda County decided to keep their plan with Prudential," said George Castineiras, senior vice president, Total Retirement Solutions, Prudential Retirement. "Over the years, we have offered them solutions including GoalMaker, our Stable Value Fund, and an array of investment options available through Prudential. We are looking forward to our continued partnership with Alameda County and being able to help place the plan's participants on a more secure path to and through retirement."

"The retention of Prudential Retirement as third-party administrator has resulted in an introduction of new ideas to improve communications with our participants," said Donald White, Alameda County Treasurer-Tax Collector and Deferred Compensation Plan Officer. "Some of these ideas include a more easily navigable Web site; a toll free telephone number to facilitate participants' ability to contact Prudential Retirement as well as the financial guidance professionals team. Prudential is an enthusiastic partner and their continued commitment to provide excellent service has not diminished over time. I look forward to continuing the partnership, which will allow Alameda County to be more efficient and spend more time servicing the participants -- the ultimate goal."

Prudential Retirementdelivers 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 3.6 million participants and annuitants. Prudential Retirement has $299.4 billion in retirement account values as of March 31, 2013.

Prudential Financial, Inc. (NYS: PRU) , a financial services leader with approximately $1.06 trillion of assets under management as of March 31, 2013, 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

Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company, Hartford, CT or its affiliates.


Prudential Retirement
Dawn Kelly, 973-802-7134 office
201-406-7248 mobile
Josh Stoffregen, 973-802-3996 office
973-204-2450 mobile

KEYWORDS:   United States  North America  New Jersey  New York


The article California plan re-commits to Prudential originally appeared on

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