Ep. 8: In Consultants We Trust
Hear from two individuals who reached the highest perch of retirement investing consultancy as they discuss the evolution of the DC consulting industry.
Defined Contribution
Overview
PGIM seeks to capture the opportunity in the Defined Contribution (DC) market as income solutions become an increasingly dominant trend over the next 10 years. PGIM’s expertise across all the components needed to deliver a comprehensive income offering, coupled with its brand and scale, strongly positions the firm to demonstrate true leadership in the evolving DC space.
The Accidental Plan Sponsor Podcast
Ep. 7: Lawyering Up - The Impact of Class Action Lawsuits on the Retirement System
Hear from Jerry Schlichter and Jamie Fleckner, two lawyers whose legal battles shaped how the defined contribution retirement space thinks about innovation.
Ep. 6: Carrots & Sticks - The Impact of Regulations on the Retirement System
Hear from two former Department of Labor EBSA directors about the challenges and opportunities in regulating the employee benefits space.
Research Series
The Evolving Defined Contribution Landscape
To get a clearer view of the current DC landscape, PGIM surveyed more than 100 plan sponsors and a host of leading OCIO providers in the United States, looking specifically at three key areas: The Evolving Role of OCIOs, Alternatives & ESG as Long-Term Solutions and Income in Retirement.
Latest Insights
Spending in Retirement
Understanding expenses in retirement and the idea of using a “Needs and Wants” framework for designing income-oriented investment solutions.
Retirement Savings in the COVID-19 Era: The Good, the Bad, and the Ugly
The extreme market volatility unleashed by COVID-19 has created an inhospitable environment for defined contribution plan sponsors and plan participants alike.
Defined Contribution Investments on Trial
In the DC space, there is significant debate as it relates to the appropriate investment approach to help participants build and manage retirement savings.
What Makes Us Unique
- $214 Bntotal DC assets under management¹
- Top 10largest DC record keeper²
- #1manager of stable value assets³ and provider of in-plan guaranteed lifetime income⁴
Among Top Global DC Asset Managers
Top 10 recognized global asset manager for defined contribution plans.5
Robust DC Client Base
100+ third-party clients with more than $1 billion in DC AUM.6
Significant Retirement Focus
50% of Prudential Financial, Inc.’s (PFI) domestic revenue is retirement.
Breadth of DC Investment Capabilities
60+ strategies managed for DC clients across global multiple asset classes and vehicles.
Meet the Team
David Blanchett
Managing Director and
Head of Retirement Research
PGIM DC Solutions
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Josh Cohen
Managing Director
Head of Client Solutions
PGIM DC Solutions
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Ashwini Jambekar
Chief Operating Officer
PGIM DC Solutions
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Mikaylee O’Connor
Vice President
Senior Defined Contribution Strategist
PGIM DC Solutions
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Jeremy Stempien
Principal, Portfolio Manager
and Strategist
PGIM Quantitative Solutions
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PGIM does not establish or operate pension plans.
All data (unless otherwise noted) is as of 9/30/2021.
- Reported data reflects assets under management by PGIM and its affiliates for defined contribution investment purposes only. Defined contribution assets under management by PGIM Investments are sub-advised by other PGIM business units and are included in their totals.
- PGIM is the investment management business of PFI; PFI is the 9th largest defined contribution record keeper (out of 34 firms surveyed) in terms of U.S. defined contribution assets under management based on Pensions & Investments’ Top DC Record Keepers list published 2/2021. This ranking represents U.S. defined contribution assets under management by PFI as of 9/30/2020.
- PGIM is the investment management business of PFI; PFI is the largest investment manager (out of 226 firms surveyed) in terms of institutional stable value assets under management based on Pensions & Investments’ Top Managers of Stable Value Assets list published on 05/31/2021. This ranking represents stable value assets under management by PFI as of 12/31/2020.
- Estimated market share using market size as reported by LIMRA, 2019 In-Plan Guarantee Availability and Election Tracking Survey, 08/2020
- PGIM is the investment management business of PFI; PFI is the 8th largest investment manager (out of 226 firms surveyed) in terms of U.S. defined contribution assets under management based on Pensions & Investments’ Top DC Money Managers list published on 05/31/2021. This ranking represents U.S. defined contribution assets under management by PFI as of 12/31/2020.
- Based on PGIM client list as of 9/30/2021, compared to Pensions & Investments' Top U.S. Plan Sponsors list as of 09/30/2021.