Through a long-time partnership with Prudential, Member Benefits has been able to offer participants in our 403(b) and IRA program a guaranteed investment option designed for the conservative investor that provides an attractive rate of return.
The Prudential Guaranteed Investment account is a long-term savings vehicle with goals and strategies fit for long-term investing. It assumes the role of a fixed-income or bond investment in your asset allocation mix and therefore may be a good choice for those looking for a more conservative approach.
*Interest is compounded daily to produce a yield net of Prudential’s administrative fee of 0.60%. PRIAC is compensated in connection with this product by deducting an amount for investment expenses and risk from the investment experience of certain assets held in PRIAC’s general account. For more information, go to weabenefits.com/pru.
The 2019 Prudential Guaranteed Investment credited rate of return is 3.25% until December 31, 2019.