Products February 23, 2010

Prudential's Total Retirement Solutions Now Includes Non-qualified Plan

February 23, 2010 (PLANSPONSOR.com) - Prudential Retirement's Total Retirement Solutions (TRS) offering has been enhanced to include a new nonqualified product.
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The product was designed and is administered by MullinTBG, a Prudential Financial company. According to the announcement, the product is backed by Mullin’s recordkeeping system and open-architecture funding vehicles.

Benefits of the new program include:

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  • Complete non-qualified 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 non-qualified capabilities are fully integrated with Prudential’s systems and service model.

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