Products May 4, 2003

Pru Adds to Sponsor Site

April 17, 2002 (PLANSPONSOR.com) - Prudential Financial Inc.'s plan sponsors will see some changes the next time they visit the group's Online Retirement Center For Plan Sponsors Web site.
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According to Prudential, the site’s new features give plan sponsors the ability to:

  • view a plan’s daily account balance
  • review plan investments, quarterly fund performance and benchmark indices.
  • retrieve various online reports
  • create and download custom reports
  • view a plan’s contribution and asset allocation analysis by age, asset class, and fund.

Further, plan sponsors can now:

  • review updated legislative and tax law information
  • review and download compliance-related information
  • link to key Internet sites.

This is in addition to current site capabilities, which allow plan sponsors access to materials pertaining to ERISA Section 404(c) regulations online.

These materials include a plain English summary, a 404(c) Checklist, a sample notification to plan participants, and fund family prospectuses, Prudential said.

Prudential Retirement Services manages approximately $25 billion in defined contribution retirement assets for more than one million plan participants.

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