Three companies with more than 18,000 participants have chosen Prudential Retirement, a unit of Prudential Financial, to administer their defined contribution plans, the company announced today.
The three plan sponsors—CCC Group, AccentCare, Inc., and LJT & Associates, Inc.—have combined plan assets of $66 million.
CCC Group, a leading heavy industrial construction company in San Antonio, Texas, has 1,000 active and deferred participants in its defined contribution plan with $29 million in assets. A Prudential recordkeeping client since January, it provides multi-disciplined construction and specialty engineering services in the U.S. and internationally. John B. Abeyta of the Abeyta Bueche & Sanders Group at Morgan Stanley advises the plan.
AccentCare has 17,000 participants in its defined contribution plan with $27 million in assets; it transitioned to Prudential on Dec. 1, 2015. A specialist in post-acute home healthcare, AccentCare provides personal, non-medical care and skilled nursing, rehabilitation, hospice and care management. David Altimont, senior vice president of Lockton Retirement Services advises the plan.
LJT & Associates, Inc. has 200 participants with $10 million in assets. Established in 1994, the aerospace company provides systems engineering services to customers such as the National Aeronautics and Space Administration, the U.S. Air Force, the U.S. Navy, the Defense Information Systems Agency, the Internal Revenue Service, the National Oceanic and Atmospheric Association, and the National Science Foundation. Alliant Retirement Services, based in Alpharetta, Ga., advises the plan.
Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, CT, or its affiliates. PRIAC is a Prudential Financial company.
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