Prudential Investment Retirement Services and the 8,000 sponsors and nearly 1.2 million participants it services will be offered
Financial Engines'
Investment Advisor product for specific third-party advice.
Once a plan sponsor has chosen to use the Advisor service, plan participants can access the service through a link on Prudential's website. Participants will then receive personalized recommendations from Financial Engines on how to invest in specific mutual fund choices in their 401(k) plans.
After completing a session with the Advisor service, participants can implement decisions concerning their investments based on the Advisor service's investment recommendations. Financial Engines, a registered investment advisor, will serve as the investment advisor and fiduciary.
"Our partnership with Financial Engines allows us to fill a need that many retirement plan sponsors are trying to cope with these days," said
Ken Montgomery, president of Prudential Retirement Services.
"Their Advisor service provides independent, third-party investment advice to those plan participants who want it, and complements the in-depth investment education we're already providing," Montgomery added. 
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