Principal Mobile Offers Retirement Account Information at Participants' Fingertips
Mobile application available for iPhone, Android and BlackBerry smartphones
July 27, 2011 (Des Moines, Iowa) – Participants with retirement plan accounts through the Principal Financial Group® now have another way to view their account information on the go: Principal® Mobile.
The mobile application is available on multiple mobile device types — iPhone®, AndroidTM and BlackBerry® — and allows participants to:
- Check account balances
- Track their savings progress
- View their personalized rate of return
- Review basic account information, including contributions and withdrawals
“We want to make it as easy as possible for participants to track their retirement savings progress,” said Danelle Kronmiller, director of retirement and investor services at The Principal®. According to a recent survey of participants with 401(k) plans through The Principal, nearly 40 percent indicated they use smartphones.
Principal Mobile provides access to multiple retirement plan types including defined contribution, defined benefit, ESOP and nonqualified. Participants can log in to their accounts at principal.com to learn more about the mobile application and how to download it. An online demo of the application is available on YouTube.
In 2009, The Principal began offering participants the option of receiving certain account information via text messages and their personal iGoogle home pages. “At that time, we had heard from a segment of participants that they prefer to receive information electronically. Principal Mobile is another way for us to communicate with them according to their preferences,” Kronmiller said.
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About the Principal Financial Group
The Principal Financial Group® (The Principal®) is a retirement and global asset management leader. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, investment services and insurance through its diverse family of financial services companies. A member of the FORTUNE 500®, the Principal Financial Group has $327.4 billion in assets under management and serves some 16.4 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.
- Information displayed in the application will vary depending on plan type(s).
- A Principal Financial Group 401(k) Participant Survey conducted in April 2010 indicated 38 percent of participants have a smartphone.
- “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 March 31, 2011.