How safe is your Guaranteed Investment?

Last updated: 3/3/2010 9:01:45 AM

In light of recent events on Wall Street, it is not surprising that you may be wondering if your retirement plan's Guaranteed Investment is safe.

The funds in the WEA TSA Trust Program Guaranteed Investment and WEAC IRA Guaranteed Account are held by Prudential Retirement Insurance and Annuity Company (PRIAC).

Message from Prudential Retirement

"Prudential's balance sheet is strong and the company is highly rated by the major independent rating agencies. We have the capital strength and a diversified mix of businesses that position us for sustainable, long-term performance. Additionally, we have risk management procedures in place that are designed to limit exposure to any single company. While the financial markets may remain volatile for a period of time, we encourage you to continue to remain focused on your long-term retirement goals."

Prudential has provided the following documents to help address your concerns.

Note from Prudential FinancialThis is a note from Prudential Financial to participants in the WEA Trust Member Benefits TSA/IRA Retirement Program.

PRIAC – Prudential Retirement Insurance and Annuity Company financial strength review

This document provides an assessment of Prudential's financial strength and includes details about their asset portfolio.

Prudential Retirement: Discussion of Asset-backed Securities Collateralized by Sub-prime Mortgages

This document discusses the issues related to the sub-prime mortgage market and protections Prudential has in place for Guaranteed Investment account holders.

Q and A: Market Conditions and Your Prudential Retirement Account

We will post more information as it becomes available.

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