Leukemia & Lymphoma Society, Rye Brook, N.Y., hired Prudential Financial as record keeper of its 403(b) and 457 plans, said J.R. Miller, senior vice president, finance, in an email.
Prudential replaced Principal Financial Group. Mr. Miller attributed the switch to “improvement in service, enhanced dashboard technology to manage the plans, and more effective communications with our employees/participants to drive increased participation and engagement,” as well as lower record-keeping and investment options fees.
Mr. Miller said Principal was included in the RFP process led by investment consultant RVK.
The plans have a combined $70 million in assets. The change was effective Dec. 28.
