Southeastern Pennsylvania Transportation Authority, Philadelphia, hired Prudential Retirement as the new provider for its $226 million 457(b) plan, confirmed Jacob T. Aufschauer, SEPTA's assistant general manager, human resources, in an email.
The selection of Prudential was the result of a search launched in March. Prudential replaces Voya Financial, which rebid and was a finalist. Wells Fargo was the other finalist..
Courtney Investment Consulting Group assisted with the search.
