The Principal Financial Group Named Number One Deferred Compensation Plan Record Keeper
March 31, 2008 (Des Moines, Iowa) — The Principal Financial Group® leads the pack as the number one record keeper of nonqualified deferred compensation plans, designed to reward and retain key employees, based on total number of plans. PLANSPONSOR magazine tallied nonqualified deferred compensation defined contribution and defined benefit plans and published the results in the annual Nonqualified Deferred Compensation Buyer's Guide available at www.plansponsor.com.
"As a leader in providing deferred compensation benefits, we realize managing benefits is often a daunting task for employers," said Deanna Strable senior vice president of the individual life division at the Principal Financial Group. "This recognition demonstrates our expertise and commitment in meeting the retirement and employee benefit needs of businesses. From plan design to financing options to administration services, we make life easier for employers with everything they need in one place."
Financial professionals and their clients benefit from a dedicated deferred compensation focus at The Principal®. Since one size doesn't fit all, each client works with experts to develop a tailored plan utilizing the latest administrative technology. Staying informed of legislative trends, in-house specialists are available to help clients ensure their plans comply with complex regulations.
The Principal Total Retirement SuiteSM Can Help Busy Employers
Nonqualified deferred compensation plans are one piece of the Principal Total Retirement SuiteSM, a collection of retirement plan services available for a wide variety of business owners. The Principal Total Retirement Suite pulls together qualified and nonqualified retirement plans with one service provider for comprehensive administrative services. Benefits include:
- Coordinated team to service all retirement plans
- A plan consultative approach for designing, implementing and servicing
- Combined participant retirement statements
- Consolidated retirement plan summary
- Online Total Retirement View that gives a personalized look at all retirement plan balances with The Principal, plus Social Security income
For more information about the Principal Total Retirement Suite, or other retirement products offered by The Principal, visit www.principal.com.
About the Principal Financial Group
The Principal Financial Group® (The Principal®)1 is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies. A member of the Fortune® 500, the Principal Financial Group has $311.1 billion in assets under management2 and serves some 18.6 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.
1) "The Principal Financial Group" and “The Principal” are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.
2)
As of December 31, 2007
