Prudential Retirement wins MGM Resorts 401(k) plan
By Andy Stonehouse
The shining light in Vegas and other gambling hot spots around the U.S. has given a piece of the action to Prudential Retirement.
Las Vegas-based MGM Resorts International will now have its 401(k) plan served by Prudential. The plan currently has about 24,500 participants and approximately $858 million in assets.
"Prudential Retirement is pleased MGM Resorts selected us to recordkeep its 401(k) savings plan and we look forward to serving MGM Resorts' plan participants," said George Castineiras, senior vice president, Total Retirement Solutions, Prudential Retirement.
"We selected Prudential Retirement as our plan's recordkeeper because of Prudential's demonstrated results that drive successful participant outcomes, its low expenses, strong performance and excellent communications program," said MGM Resorts Executive Director of Benefits, Cindy Moehring.
Prudential Retirement serves more than 3.6 million participants and annuitants and has $244.8 billion in retirement account values, as of the end of June, 2012.
Originally published on BenefitsPro.com