Prudential Joins Search401k Plan-Provider Ranks; Agreement Brings Prudential Retirement Products to Web-Based 401(k) Marketplace

Apr 03, 2001, 01:00 ET from Search401k

    MENDOTA HEIGHTS, Minn., April 3 /PRNewswire/ -- Search401k today announced
 that Prudential Retirement Services has joined the company's 401(k) plan
 search and selection service, which efficiently connects retirement plan
 providers with financial advisers.  Through Search401k, Prudential will have
 access to a highly cost-effective sales channel that helps them quickly
 connect with potential clients and better leverage their existing 401(k) sales
 and marketing forces.
     "We view Search401k as an excellent way to get our products into the hands
 of more advisers," said Kerry Gile, senior vice president, National Sales &
 Client Service, Prudential Retirement Services.
     "Search401k has the largest group of retirement plan advisers in the
 country.  These professionals want access to our independent ratings and
 proprietary information on an ever-growing number of 401(k) plan providers,"
 said Eric Schneeman, president of Search401k.  "We are proud to be adding
 Prudential as a partner and client."
     Prudential is offering two products through Search401k's service, located
 at http://www.search401k.com .  Prudential's Core Plan Market product covers
 plans ranging from $3 million to $50 million in assets and offers an
 investment alliance program including 17 outside fund families and more than
 500 individual funds.  The second product, called Large Plan Market, covers
 plans exceeding $50 million in assets and offers an investment alliance
 program including 22 outside fund families and more than 700 individual funds.
     Search401k offers quick, clear and equal comparisons of 401(k) plans.  The
 service offers plan provider ratings and compares administrative and
 investment expenses and fund returns.  Search401k now has 34 providers,
 representing over 50 401(k) products, listed on the site and 35 financial
 adviser groups, representing over 40,000 financial advisers, participating in
 the service.
 
     About Search401k
     Search401k is an online sales system that guides financial advisers
 through customized product comparisons, proposal requests, due-diligence
 reporting and proposal management for 401(k) prospects and clients.
 Search401k also provides an independent rating of 401(k) products that helps
 identify the level of service available from each product.  The product
 information is gathered directly from the providers, which enables Search401k
 to offer completely up-to-date and accurate information.  For more information
 visit us at http://www.search401k.com
 
     About Prudential
     Prudential Retirement Services provides defined contribution and benefits
 services for public, private and non-profit organizations, with a combination
 of investment management expertise, state-of-the-art recordkeeping, and
 comprehensive investment education programs.  With more than 70 years of
 experience in managing retirement plans, the company today manages more than
 $61 billion in defined contribution and guaranteed product assets for more
 than one million plan participants.
     The Prudential Insurance Company of America, with more than $363 billion
 in assets under management as of December 31, 1999, is one of the largest life
 insurance companies in the United States and is among the largest financial
 services institutions in the world.  Prudential serves millions of individual
 and institutional customers worldwide and offers a variety of products and
 services, including life insurance, property and casualty insurance, mutual
 funds, annuities, pension and retirement related services and administration,
 asset management, securities brokerage, real estate brokerage franchising and
 relocation services.
     Securities products and services are distributed by Prudential Investment
 Management Services LLC (PIMS), Three Gateway Center, 14th Floor, Newark, N.J.
 07102-4077.  PIMS is a Prudential company; Prudential Retirement Services is a
 Prudential business.
 
 

SOURCE Search401k
    MENDOTA HEIGHTS, Minn., April 3 /PRNewswire/ -- Search401k today announced
 that Prudential Retirement Services has joined the company's 401(k) plan
 search and selection service, which efficiently connects retirement plan
 providers with financial advisers.  Through Search401k, Prudential will have
 access to a highly cost-effective sales channel that helps them quickly
 connect with potential clients and better leverage their existing 401(k) sales
 and marketing forces.
     "We view Search401k as an excellent way to get our products into the hands
 of more advisers," said Kerry Gile, senior vice president, National Sales &
 Client Service, Prudential Retirement Services.
     "Search401k has the largest group of retirement plan advisers in the
 country.  These professionals want access to our independent ratings and
 proprietary information on an ever-growing number of 401(k) plan providers,"
 said Eric Schneeman, president of Search401k.  "We are proud to be adding
 Prudential as a partner and client."
     Prudential is offering two products through Search401k's service, located
 at http://www.search401k.com .  Prudential's Core Plan Market product covers
 plans ranging from $3 million to $50 million in assets and offers an
 investment alliance program including 17 outside fund families and more than
 500 individual funds.  The second product, called Large Plan Market, covers
 plans exceeding $50 million in assets and offers an investment alliance
 program including 22 outside fund families and more than 700 individual funds.
     Search401k offers quick, clear and equal comparisons of 401(k) plans.  The
 service offers plan provider ratings and compares administrative and
 investment expenses and fund returns.  Search401k now has 34 providers,
 representing over 50 401(k) products, listed on the site and 35 financial
 adviser groups, representing over 40,000 financial advisers, participating in
 the service.
 
     About Search401k
     Search401k is an online sales system that guides financial advisers
 through customized product comparisons, proposal requests, due-diligence
 reporting and proposal management for 401(k) prospects and clients.
 Search401k also provides an independent rating of 401(k) products that helps
 identify the level of service available from each product.  The product
 information is gathered directly from the providers, which enables Search401k
 to offer completely up-to-date and accurate information.  For more information
 visit us at http://www.search401k.com
 
     About Prudential
     Prudential Retirement Services provides defined contribution and benefits
 services for public, private and non-profit organizations, with a combination
 of investment management expertise, state-of-the-art recordkeeping, and
 comprehensive investment education programs.  With more than 70 years of
 experience in managing retirement plans, the company today manages more than
 $61 billion in defined contribution and guaranteed product assets for more
 than one million plan participants.
     The Prudential Insurance Company of America, with more than $363 billion
 in assets under management as of December 31, 1999, is one of the largest life
 insurance companies in the United States and is among the largest financial
 services institutions in the world.  Prudential serves millions of individual
 and institutional customers worldwide and offers a variety of products and
 services, including life insurance, property and casualty insurance, mutual
 funds, annuities, pension and retirement related services and administration,
 asset management, securities brokerage, real estate brokerage franchising and
 relocation services.
     Securities products and services are distributed by Prudential Investment
 Management Services LLC (PIMS), Three Gateway Center, 14th Floor, Newark, N.J.
 07102-4077.  PIMS is a Prudential company; Prudential Retirement Services is a
 Prudential business.
 
 SOURCE  Search401k