Prudential recently entered into an agreement to sell its full-service retirement business to Empower. Once the transaction closes (subject to regulatory approvals and customary closing conditions), you will receive more information and see the Empower logo when you log in to your Deferred Compensation account. No action is required by participants.
The Deferred Compensation Plan is available for full-time associates with a base salary of $90,000 or higher. This nonqualified deferred compensation plan allows you to defer income for your future beyond what you save through other vehicles, such as the 401(k) plan. Take advantage of the opportunity to help reduce your current income taxes, defer compensation, and grow earnings tax-deferred.
You can enroll when you are first eligible – either as a new hire or when newly promoted. There is also an open enrollment period each November to make changes for the upcoming plan year.
Prudential will notify all eligible participants with an introduction email and enrollment instructions. For enrollment information and to manage your account, review the Deferred Compensation Activation Guide. You may also view the Deferred Compensation website.