Moffitt Cancer Center recommitted to Prudential Retirement as record-keeper for five of its defined contribution plans, totaling $480 million in assets. Prudential Retirement is a business unit of Prudential Financial.
Moffitt Cancer Center, the Florida-based cancer treatment and prevention center, has approximately 5,000 participants in the defined contribution plans covered under the renewed contract.
The retirement services provider began its partnership with Moffitt Cancer Center in 2007 when it signed on as its record-keeper.
Prudential Retirement provides defined contribution retirement plan solutions for roughly 615 plans in the healthcare sector, with $14.7 billion in assets under management, including Moffitt Cancer Center.
Services include onsite meetings, custom campaigns, an engagement hub, financial wellness seminars and a custom web portal.
Based in Tampa, Florida, Moffitt Cancer Center is one of 47 National Cancer Institute-designated Comprehensive Cancer Centers.
“We are pleased to continue our partnership with long-time client Moffitt Cancer Center. In an increasingly competitive marketplace, we appreciate Moffitt’s confidence in the value we bring to their business and plan participants,” said Sean McLaughlin, senior vice president, client relations and business development for Prudential Retirement.
“Our renewed engagement underscores our deep understanding of issues facing healthcare institutions and ability to develop tailored solutions.”
Amy Durham, SPHR senior director, total rewards at Moffitt Cancer Center, said: “Moffitt’s focus with this partnership is on providing the best resources for each of our team members so they can be engaged in decisions that impact their eventual retirement.
“This partnership allows our team members an opportunity to interact with their retirement plan through technological innovations without disrupting them from their main mission, which is to treat our cancer patients.”
Moffitt Cancer Center, US, Healthcare, Prudential Retirement, Technology, IT, Data analytics, Risk management, Amy Durham, Sean McLaughlin