life preserver Prudential Retirement and other service providers have generated data showing millions of Americans are unable to cover as little as several hundred dollars in unexpected expenses. (Photo: Shutterstock)

The strides that defined contribution plans have made in the past decade are far from lost on Phil Waldeck.

But the need to improve the overall financial security of plan participants is as obvious as the to-date improvements themselves, thinks Waldeck, who was named president and CEO of Prudential Retirement last year.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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