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Payroll Deduction Program

For Government Agencies with fewer than 25 employees

A payroll deduction arrangement with administrative and investment services from The Principal Financial Group® is an attractive enhancement outside your employer-sponsored benefit program. Employees voluntarily deduct an amount from their paychecks to invest in a variety of mutual funds.

A payroll deduction program can be used to fund a:

  • Roth IRA
  • Traditional IRA
  • Nonqualified mutual funds investment
  • Education IRA
  • UTMA (Uniform Transfer to Minors Act)

 

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