Prudential's Total Retirement Solutions Now Includes Nonqualified Plan

Prudential Retirement's Total Retirement Solutions (TRS) offering has been enhanced to include a new nonqualified product.
Reported by Rebecca Moore

The product was designed and is administered by MullinTBG, a Prudential Financial company. According to an announcement, the product is backed by Mullin’s recordkeeping system and open-architecture funding vehicles.

Benefits of the new program, according to Prudential, include:

  • complete nonqualified plan support by MullinTBG’s consultants and dedicated client service personnel, as coordinated through a single Prudential client relationship manager;
  • objective analysis, recommendation, and ongoing administration of a wide range of open-architecture informal funding vehicles—including taxable securities, corporate-owned life insurance, and other offerings;
  • plan year or account-based plan design customized to the company’s objectives;
  • MullinTBG’s proprietary recordkeeping system, MetriX, custom-built to administer a broad array of complex plan designs and provide for a fully integrated online experience that automatically enforces 409A and plan-level rules; and
  • communication and educational materials tailored to meet the expectations and needs of an executive audience.

The new nonqualified capabilities are fully integrated with Prudential’s systems and service model.

Tags
457, Deferred compensation, Nonqualified Plans, Plan providers,
Reprints
To place your order, please e-mail Industry Intel.