The Principal® 10 Best - Frequently Asked Questions
What is it?
The Principal 10 Best Companies for Employee Financial Security is a nationwide program that recognizes growing companies that excel in giving their employees the financial edge they need in life. The program celebrates the employer’s management, selection and commitment to employee benefits. The program is in its tenth year.
What do the winners receive?
Winners receive extensive recognition and acclaim, as well as a donation to the charities of their choice. Find out what The Principal 10 Best Companies receive.
Why?
The Principal Financial Group® understands that financial security is a critical element in employers' success in recruiting, retaining and motivating their employees. Growing businesses that provide for their employees financial futures deserve to be recognized.
Who is eligible?
To qualify to enter, all entrants must be based in the United States and have provided a broad range of employee benefits for at least five years. Companies do not have to be clients of The Principal to enter. Qualifying companies should, at a minimum, offer employees "traditional" employee benefits, such as those relating to retirement, health, life or disability. Qualifying companies must have at least five employees and no more than 1,000 employees. Employees of The Principal are not eligible to enter. All business industries are encouraged to enter. Qualification Details.
How do you enter?
Entries for 2013 will be accepted in early 2013. During the entry period, a link to the official online entry form will be available from The Principal 10 Best program overview page.
All entrants receive a free copy of the latest Best Practices Guide and a free customized employee benefits report. The data is prepared by Mathew Greenwald & Associates, a premier market research company. It shows how a company’s benefits fare against The Principal 10 Best winners and all other entrants.
Can I nominate a company to win?
Yes. Anyone can nominate their own company or a fellow company, employer or client that they think deserves recognition as one of The Principal 10 Best Companies for Employee Financial Security. Nominations are open year-round.
Who selects the winners?
An independent panel of experts from the employee benefits and human resources industries work with the renowned Mathew Greenwald & Associates to judge the entries.
What are the criteria?
Judges evaluate entries in the context of current, economic realties. They recognize many companies may need to make adjustments in their programs. Judges look for companies who are responding to those conditions in ways that least impact the long term financial security of their workforce. Criteria include: the financial value of benefits offered, the depth of financial benefits offered and the level of commitment by the company to its employees’ financial security. Get more details on the judging criteria.
