Masonicare has extended its relationship with Prudential Retirement.
The nonprofit, based in Wallingford, Connecticut, is the state's leading provider of healthcare and retirement living communities for seniors. Its facilities include statewide home health and hospice services, two physician practices and a geriatric assessment program. Chris Rowlins, principal and senior consultant at Fiduciary Investment Advisors, is the advisor for the plan.
The nonprofit's defined contribution plans have 2,500 participants altogether, as well as $79 million in assets under management.
Masonicare has been a client of Prudential Retirement for 17 years, with Prudential serving as recordkeeper of the nonprofit's defined contribution plan.
“We've worked with Prudential for a very long time. Their service team was instrumental in cultivating and maintaining our relationship,” said Edward Dooling, vice president of human resources at Masonicare. ”We're pleased to continue partnering with them to ensure our workforce and advisor have access to the latest in plan design features and educational tools to adequately prepare employees for a retirement that may last 20-30 years or more.”
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