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Prudential Retirement adds new client TP Mechanical Contractors

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Prudential Retirement announced today that it has added new plan sponsor client TP Mechanical Contractors. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE: PRU).

“We’re pleased to start off 2015 with the addition of TP Mechanical,” says Harry Dalessio, senior vice president, Sales and Strategic Relationships, Prudential Retirement. “Our commitment to helping employers across the country recognize and help solve retirement challenges for their employees continues to be our core focus.”

TP Mechanical has 363 plan participants in its defined contribution plan with $20 million in assets. Established in 1953, TP Mechanical is a construction firm and one of the leading providers of mechanical contracting, service and fabrication in the Midwest. The company specializes in large-scale construction projects including industrial, commercial, education, healthcare, hospitality, retail and institutional.

“We went with Prudential as our new recordkeeper because of its proven success in the defined contribution market,” says Elizabeth White, HR Benefits Director at TP Mechanical. “As a provider they understand our unique needs and are working with us to better engage our plan participants through education and plan design.”

Stephen N. Frank of Frank Wealth Management Group was the advisor to TP Mechanical. The plan transitioned to Prudential Retirement in November 2014.

Prudential Retirement delivers retirement plan solutions for public, private, and nonprofit organizations. Services include defined contribution, defined benefit and non-qualified deferred compensation record keeping, administrative services, investment management, comprehensive employee education and communications, and trustee services, as well as a variety of products and strategies, including institutional investment and income products, pension risk transfer solutions and structured settlement services. With over 85 years of retirement experience, Prudential Retirement helps meet the needs of 4.0 million participants and annuitants. Prudential Retirement has $356.1 billion in retirement account values as of September 30, 2014. Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, CT, or its affiliates.

Prudential Financial, Inc. (NYSE:PRU) , a financial services leader with more than $1 trillion of assets under management as of September 30, 2014, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.news.prudential.com.

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