Principal e-Diversification ServicesSM
Online diversification feature simplifies administrative process
Principal e-Diversification ServicesSM makes the Employee Stock Ownership Plan (ESOP) diversification administrative process less cumbersome as participants are able to easily and efficiently make their elections electronically. Plan sponsors have the ability to go online and monitor the progress and election results throughout the diversification window.
Benefits of Principal e-Diversification ServicesSM
- Online reports with cumulative elections assist with cash management and budgeting.
- Paperless election reduces the labor intensive process of collecting and processing forms.
- Electronic efficiency minimizes potential for manual error or lost forms.
- Immediate and ongoing access provides flexibility, including the opportunity to change elections at any time during the open diversification window.