UA Local 22 Plumbers and Steamfitters Benefit Funds, West Seneca, N.Y., hired Prudential Financial as bundled provider of its $42 million Taft-Hartley defined contribution plan, confirmed Debra Korpolinski, funds manager, in an email.
The benefits office issued an informal request for information asking for pricing per member per asset. Incumbent Transamerica Retirement Solutions was part of the RFI process.
The asset allocation of plan is 74.6% target-date funds, 18.2% domestic equities, 6.4% fixed income and 0.8% international equities.
