Prudential Financial (NYSE:PRU)
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2 Months : From Dec 2019 to Feb 2020
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.
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(END) Dow Jones Newswires
January 08, 2020 09:36 ET (14:36 GMT)
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