Norwegian Cruise Lines Holdings Ltd., Miami, hired Prudential Financial as record keeper of its $150 million 401(k) plan, said Lynn White, senior vice president, corporate human resources, in an email.
The company issued an RFP earlier this year and chose Prudential "based upon their superior experience, service and team assigned to our plan," Ms. White said. Empower Retirement, the previous record keeper, was a bidder, she added. The change was effective Sept. 4.
"We're pleased to partner with Prudential to help our employees maximize their retirement plan," Ms. White said in a Prudential news release." A key factor that influenced our decision to partner with Prudential was the systems and tools they have in place to ensure the plan runs smoothly from an administrative standpoint and that our employees are engaged and take action."
According to the company's most recent Form 5500 filing, the NCL 401(k) Plan had 15 investment options and a self-directed brokerage option as of Dec. 31, 2016.
