For active plan participants and retirees

Evonik Degussa has selected Prudential Retirement to manage all of the organisation’s retirement programs.

Prudential, already one of the firm’s defined benefit plan providers, will now administer Evonik Degussa’s full complement of defined benefit, defined contribution and non-qualified programs, managing assets for active plan participants and retirees.

William Dorcas, director of employee benefits at Evonik Degussa, said: “Prudential Retirement set itself apart through its ability to deliver a cost-effective total retirement services solution. In our search for a provider that could manage all three of our retirement programs, we wanted a true partner, one that could help our employees build and enjoy a worry-free retirement, and one that could assist us in more effectively meeting our obligations as a plan sponsor.

Prudential certainly fit the bill with its experience and expertise, its comprehensive array of plan compliance and advisory services, and its portfolio of tools and resources for plan participants,” he added.

Prudential Retirement delivers retirement plan solutions for public, private, and non-profit organisations. Services include record keeping, administrative services, investment management, employee investment education and communications and trustee services.