Prudential Retirement has been selected by The Herb Chambers Companies as its defined contribution plan provider, and to manage approximately $35 million of assets for over 500 participants in its 401k plan.
Bruce Spatz, CFO of The Herb Chambers Companies, said: With the help of The Bostonian Group, we narrowed down possible candidates to just a few, and Prudential Retirement impressed us the most. We felt Prudential’s 401(k) plan and services would help our employees create a secure retirement nest egg.
Marc Doucette, vice president of sales for Prudential Retirement, added: We felt Prudential’s GoalMaker, our optional asset allocation program, would help The Herb Chambers Companies’ employees make informed investment decisions that align with their personal situation and risk tolerance. And our award-winning education and enrollment programs, combined with a wealth of online information and our service team, will help address the specific needs of The Herb Chambers Companies’ plan participants.