Member Benefits began offering the Prudential Guaranteed Investment to Wisconsin public school employees in 1978. Through a long-time partnership with Prudential, we have 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. Prudential is a solid company that continues to receive high marks for strength and stability in the financial industry.
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.
- Find out how the rate is determined and how it compares historically to the Federal Reserve rates and Certificate of Deposit rates.
- Learn about the guarantee of the Prudential Guaranteed Investment.
- Prudential Financial Strength and Stability
- Market Conditions and Your Retirement Account with Prudential
- Prudential Guaranteed Investment Fund Fact Sheet
Investment evaluation update
Just as we monitor our mutual funds to make sure they continue to meet our standards, we also monitor the Guaranteed Investment and evaluate Prudential Retirement Insurance and Annuity Company (PRIAC) in their role as manager of the account to ensure the best interests of our participants are being served. Member Benefits completed an evaluation of the Guaranteed Investment which began in the fall of 2016. Details of the evaluation can be found in our Winter 2018 issue of your$.
Not saving yet?
Start your 403(b) or IRA today by completing the online enrollment form, or call 1-800-279-4030 to speak with a consultant. Call us if you have any questions about the Prudential Guaranteed Investment.
*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.
All earnings on investments are credited gross of 403(b) and IRA program fees.
The Prudential Guaranteed Investment is a group annuity insurance product issued by Prudential Retirement Insurance and Annuity Company (PRIAC). Amounts contributed to the contract are deposited in PRIAC’s general account. Payment obligations and the fulfillment of any guarantees specified in the group annuity contract are insurance claims supported by the full faith and credit of PRIAC. PRIAC periodically resets the interest rate credited on contract balances, subject to a minimum rate specified in the group annuity contract and subject to change. Past interest rates are not indicative of future rates. Participant Level Protections (PLPs) are in place to help preserve the guarantee of the fund. PLPs may limit your ability to withdraw funds from the fund. For more information on the PLPs and how it may affect your account, please reference the Prudential Guaranteed Investment PLP question and answer sheet or by calling Retirement and Investment Services at 1-800-279-4030, Extension 8568.