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Products July 9, 2008
Prudential Guide Helps with Plan Enrollment Decisions
Prudential Financial, Inc., debuted a newly designed personalized enrollment guide that delivers simplified, reader-friendly content for participants in defined contribution plans who are transitioning to Prudential Retirement or for new hires joining existing plans.
Reported by Rebecca Moore
According to a Prudential announcement, its Retirement Workbook is structured by plan type for participants in 401(k), 403(b), 457, 401(a), and multi-employer plans. The format of the Retirement Workbook introduces participants to all aspects of their retirement plan, with the following features:
- personalized, targeted information based on the options available in their plan;
- retirement income projections to ease participants’ retirement planning decisions;
- support for “auto-plan solutions’ such as automatic enrollment, contribution accelerator, and asset allocation tools, if these options are available as part of their plan.
The workbook also allows sponsors to create a custom look and feel, including tailored cover designs, and is available in Spanish upon request, the announcement said. The workbook leads readers to Prudential’s Online Retirement Center where they can access the Retirement Income Calculator and encourages access to Prudential Retirement’s education and planning Web site (PREP) to take advantage of a variety of financial tools.
More information is available at www.prudential.com.