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Swift Transportation Selects The Principal for Retirement Plan Services

Plans serve 18,000 participants.

November 24, 2009 (Des Moines, IA) - Swift Transportation has chosen the Principal Financial Group®, one of the nation's 401(k) leaders[1], as its defined contribution and nonqualified plan service provider. The plans serve 18,000 participants. The contract with The Principal® became effective July 1, 2009.

Phoenix-based Swift operates the largest fleet of truckload carrier equipment in the United States from 40 major terminals in 26 states and Mexico. Swift has received numerous awards from major Fortune 500 companies for best-in-class customer service and support.

"We were impressed by the ability of The Principal to bundle and integrate the administration of our 401(k) and nonqualified plans, resulting in cost efficiencies," said Cheryl Maccano, director of benefits at Swift. "Fiduciary support is also important to us, and The Principal delivers administrative services, employee education and a broad range of investment options to minimize risk, stay in compliance and proactively manage our retirement plans."

The consultant advising Swift's retirement program is Kathleen Kelly of Compass Financial Partners, LLC, a LPL Financial-affiliated firm. "In addition to providing capabilities to assist Swift in outsourcing and streamlining administrative functions of the plan, The Principal clearly demonstrated both their ability and experience in addressing the unique communication needs of Swift's multi-location, mobile workforce," Kelly said. "At the on-site visit in Des Moines, The Principal showed a dedication to retirement services and a strong corporate culture - both of which were integral factors in the selection of a new service provider for Swift."

"We are honored to provide services for Swift Transportation, a company that shares our passion for delivering superior service to clients," said Paul Brown, vice president, institutional market segment at The Principal. "Our dedicated team of nearly 500 service professionals has a solid track record of providing personalized services to clients of similar size and needs."

Swift plan participants receive a comprehensive package of services and tools including:

  • Toll-free access to retirement specialists;
  • On-site investment education and retirement planning seminars;
  • Online account information and education through the top-ranked participant Web site;[2]
  • Interactive educational and asset allocation tools;
  • Morningstar investment information;
  • Rollover assistance; and
  • The quarterly Plan Ahead. Get Ahead.® magazine

These resources complement leading technology services at The Principal. For the past 12 years, the company has appeared on the InformationWeek 500, a prestigious list of the most innovative users of technology in the United States.

About Swift Transportation

Swift Transportation began operations in 1966 with just one truck and has grown into one of North America's largest truckload carriers. Swift's suite of transportation solutions is unmatched in the industry, with 40 major terminals across the United States and Mexico. Swift is positioned to be a sole source provider for all transportation needs including: intermodal, dry van, temperature controlled, dedicated, container, flatbed and more. Operating more than 15,900 trucks with over 45 years of experience in the industry, Swift has the capacity and competency to partner with customers when they need it most. For more information, visit

About Compass Financial Partners, LLC

Compass Financial Partners provides independent, objective retirement plan consulting and investment advisory services to plan sponsors across the United States. From recordkeeper search and selection and vendor fee benchmarking to investment due diligence and employee communications, Compass Financial Partners' process-driven suite of fiduciary services provides the resources necessary to help employers achieve highly successful retirement plan programs. Founded with a vision to offer high-quality consulting services independent of the service provider, Compass Financial Partners is based in Greensboro, N.C. For more information, visit

About LPL Financial

LPL Financial is one of the nation's leading financial services companies and largest independent broker/dealer (based on total revenues as reported in Financial Planning magazine, June 1996-2009). With headquarters in Boston, Charlotte and San Diego, LPL Financial and its affiliates offer industry leading technology, training, service and unbiased research to 12,489 financial advisors, 768 financial institutions and more than 4,000 institutional clearing and technology subscribers. LPL Financial has $259 billion in brokerage and advisory assets as of June 30, 2009. For additional information about LPL Financial, visit

About the Principal Financial Group

The Principal Financial Group® (The Principal ®)[3] 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 $280.4 billion in assets under management[4] 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

Kathleen Kelly, Compass Financial Partners and LPL Financial are not affiliated with any member company of the Principal Financial Group.

Insurance products and plan administrative services are provided by Principal Life Insurance Company, a member of the Principal Financial Group® (The Principal®), Des Moines, IA 50392.

Copyright © 2009 Principal Financial Services, Inc. All rights reserved.


The Principal ranks No. 1 in total plans for all asset sizes among fully bundled 401(k) providers - 2008 Spectrem Group analysis of fully bundled 401(k) providers (companies that provide both administrative and investment services).
Top 10 ranking by DALBAR in Q2 2009 WebMonitor Rankings and Trending report.
The Principal Financial Group and The Principal are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.
As of September 30, 2009.

Call 515.246.4907 or see the full Media Relations contact list.

Call 515.246.4907 or see the full Media Relations contact list.

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