Prudential Retirement has been mandated by Fairfield County Bank and Waldemar Nelson, to provide complete management of their retirement plans.
Prudential Retirement Total Retirement Solutions senior vice president George Castineiras said the company will offer Fairfield County Bank and Waldemar Nelson with the solutions, services, and support to help their employees get engaged and make financial decisions that will lead to better outcomes in retirement.
Headquartered in Ridgefield, Connecticut, Fairfield County Bank, manages 19 branches throughout Fairfield County and its wholly-owned subsidiary Fairfield County Bank Insurance Services.
Fairfield County Bank human resources administration vice president Donna Kelly commented, "Their attention to detail during the conversion process resulted in a smooth transition within our established timeframes."
Waldemar Nelson is a project management, engineering, environmental science and architectural services firm, and its 401(k) defined contribution plan has $63m in assets on behalf of 420 participants.
Prudential Retirement offers retirement plan services for public, private, and non-profit organizations and helps meet the needs of over 3.8 million participants and annuitants. As of 30 June 2013, the company has $301.8bn in retirement account values.