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Popular Third Party Administrator Expense Allowance Program is Extended

The Principal gives TPAs and Financial Professionals an extra edge for six more months

June 13, 2011 (Des Moines, Iowa) – A program designed to help financial professionals and third party administrators (TPAs) capture more retirement business has been so popular, the Principal Financial Group® is extending it. The TPA installation expense allowance program from The Principal® will now run through the end of 2011. The program applies to start-up and transfer retirement plans administered with the help of a TPA.

The allowance was originally scheduled to end in July. The program has been so well received, The Principal decided to extend it through December 30, 2011.

“Response to the expense allowance program has far exceeded our expectations. TPAs and financial professionals are gaining new business as a result of this program and they want to continue taking advantage of it,” said Jeff Schreiber, vice president of TPA business development at The Principal. “Our service model revolves around financial professionals and TPAs so we are delighted to extend a program that gives them a step ahead in the marketplace.”

The allowance is intended to help offset TPA plan installation fees. When combined with the existing administrative support and program efficiencies offered through the Principal TPA EdgeSM program, plan sponsors can deliver an even greater value to their plan participants.

The allowance is available to start-up and transfer defined contribution plans sold from August 1, 2010 through December 30, 2011.

The installation allowance is the latest enhancement to the Principal TPA EdgeSM program, which offers financial professionals and TPAs:

  • State-of-the-art technology and services that help simplify processes and allow TPAs to focus more on growing their business.
  • A robust investment platform offering multiple investment managers.
  • TPA Relations Consultants with more than 18 years[1] experience who are dedicated specifically to TPAs.
  • Total retirement solutions available for TPA administered plans for both profit and non-profit organizations including defined benefit, defined contribution—such as 401(k) and 403(b), nonqualified and employee stock ownership plan (ESOP).
  • Strong local presence in more than 50 cities across the United States with local personnel and services dedicated to TPAs, financial professionals and plan sponsors.

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About the Principal Financial Group

The Principal Financial Group® (The Principal®)[2] 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[3] 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.


Investment options are subject to investment risk. Shares or unit values will fluctuate and investments, when redeemed, may be worth more or less than their original cost. This does not apply, however, to the guaranteed portions of group annuity contracts issued by Principal Life that constitute guaranteed benefit policies as defined in ERISA §401(b)(2)(B).

Insurance products and plan administrative services are provided by Principal Life Insurance Company. Principal Funds, Inc., is distributed by Principal Funds Distributor, Inc. Securities are offered through Princor Financial Services Corporation, 800-547-7754, member SIPC and/or independent broker/dealers. Securities sold by a Princor® Registered Representative are offered through Princor. Principal Funds Distributor, Princor and Principal Life are members of the Principal Financial Group®, Des Moines, IA 50392. Separate Accounts are made available through a group annuity contract with Principal Life, Des Moines, IA 50392. They may not be available in all states or U.S. commonwealths. Ask your representative for more details.

t110531023c – 06/2011

As of 12/31/2010
“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.

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Call 515.246.4907 or see the full Media Relations contact list.

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