MGM Resorts International, Las Vegas, hired Prudential Retirement Services as record keeper for its 401(k) plan, effective July 2, confirmed Cindy Moehring, MGM Resorts' executive director-corporate benefits.
The firm replaced Hartford Retirement Services. Ms. Moehring said MGM Resorts and Hartford made a mutual decision to end their relationship prior to Hartford's announcement in March that it intended to sell its retirement business.
MGM's 401(k) savings plan had $901 million in assets as of Dec. 31, 2010, according to its latest Form 5500 filing.
Ms. Moehring was unable to provide further information.
