Prudential: Guaranteed lifetime income options in 401(k)s helps bring financial security closer to employees, reduce costs for employers

NEWARK, N.J.–( BUSINESS WIRE )–Guaranteed income solutions can help bring financial security within reach of employees, helping to reduce the amount they would need to save by as much as 36 percent, according to Prudential Financial 1 . And a new paper from Prudential Retirement says employers can also benefit through improved workforce management and reduced workforce costs. Prudential Retirement is a business of Prudential Financial, Inc. (NYSE: PRU) .

The Prudential Retirement paper, On the Road to Financial Wellness, Lifetime Income Is Key , provides evidence to support what finance executives and plan sponsors are recognizing—that when employees feel […]

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