Prudential scores another 5-year contract

Photo: Associated Press

Prudential Retirement, a business unit of Prudential Financial, Inc., announced that the North Carolina Retirement Systems, a government retirement plan for public employees in North Carolina, has chosen to stay with Prudential as recordkeeper for another five-year term for its NC 457 and NC 401(k) plans. Prudential Retirement became recordkeeper for the plans in 2003.

The current contract will expire in December 2015, with the new contract becoming effective in January 2016. Mercer Investments will continue to serve as the advisor to the plans. Participants in the plans will continue to have access to Prudential’s recordkeeping and communications services along with its asset allocation tools.