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)
