To celebrate the milestone, Prudential is hosting a Stable Value Day at its Newark, N.J., headquarters on Tuesday to offer external partners and Prudential experts the chance to build a framework on which they can expand on this year’s early success.

“I look forward to addressing delegates at tomorrow’s Stable Value Day,” said James King, vice president and head of Prudential Retirement’s Stable Value Markets Group. “We owe our success to the collaboration within the organization and with our external partners. I’m especially pleased with how we have been able to harness Prudential’s financial strength and capabilities across Prudential Retirement and Prudential’s asset management businesses, which include Jennison Associates and Prudential Fixed Income, along with the Prudential Trust Company.”

“As we continue to emerge from an unprecedented financial crisis, stable value accounts provide an important alternative to help build a diversified retirement savings portfolio for participants that provides the potential for steady returns, while mitigating the risk of higher interest rates and inflation,” Lowrey said. “As a company, we are committed to helping plan sponsors offer a full array of investment platforms, including stable value.”

Stable Value products are issued by either Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, Conn., or The Prudential Insurance Company of America (PICA), Newark, N.J. Both are Prudential Financial companies. Each company is solely responsible for its financial condition and contractual obligations. Guarantees are contingent on the claims paying ability of the issuer.