Prudential Retirement Renews Contract With Prisma Health

Date : 01/08/2020 @ 2:51PM
Source : Dow Jones News
Stock : Prudential Financial Inc (PRU)
Quote : 94.48  -1.09 (-1.14%) @ 12:59AM
After Hours
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Last $ 94.48 ◊ 0.00 (0.00%)

Prudential Retirement Renews Contract With Prisma Health

Prudential Financial (NYSE:PRU)
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By Michael Dabaie

 

Prudential Financial Inc.'s (PRU) Prudential Retirement said it renewed its partnership with Prisma Health to oversee $1.3 billion in retirement assets.

Prisma Health is a South Carolina not-for-profit health organization serving more than 1.2 million patients annually.

Prudential will be record keeper for Prisma's defined contribution retirement plans. Prudential oversaw $1.3 billion in retirement assets covering 18,000 employees as of July 3, 2019.

Prudential said the contract supports its portfolio in the health care industry, where it currently oversees $23.2 billion in assets across 784 plans.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

January 08, 2020 09:36 ET (14:36 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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