Prudential Retirement Renews Contract With Prisma Health
January 08 2020 - 9:51AM
Dow Jones News
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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