1.29 “Prudential Merged Retirement Plan” means The Prudential Merged Retirement Plan, a defined benefit retirement plan maintained by the Company. 1.30 “PSI Plan” means the Prudential Securities Incorporated Cash Balance Pension Plan Document, a component of the Prudential Merged Retirement Plan.
Also, how do I close my Prudential Retirement Account?
If you are an active employee, you cannot close your Retirement account with Prudential. To remove funds from your retirement account, you need to be eligible for a distribution. In general, you become eligible once you are separated from the employer sponsoring the plan.
Besides, what is Pru 401k? The Prudential Employee Savings Plan is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. … This plan is in the top 15% of plans for Account Balances, Participation Rate, Salary Deferral, and Total Plan Cost.