1. Businesses
  2. Protect My Employees
  3. Retirement plans for employees

Retirement plans for employees

See how a retirement strategy with multiple plans and a single service provider can yield results.1

Get the insights (PDF)

Discover the power of one.

A simple experience
for your employees

  • One call when they need help

  • One mobile app to view plan info

  • One financial wellness resource

A simple experience
for you

  • One dedicated and experienced team

  • One provider to monitor as a fiduciary2

  • One holistic view of your retirement plans

Maximize the power of retirement plan benefits

The results of the latest Principal® Retirement Security Survey reveal how employers can improve employee retention and ease challenges such as plan administration by offering multiple retirement plans from a single service provider.

Employees

Graphic stating 20% of participating employees are more likely to stay in their current job rather than leave for a higher paying job when their employer offers multiple plans with a single service provider. Graphic stating nearly 30% of employees who participate in multiple retirement plans with a single service provider say they're more prepared for retirement.

Employers

Graphic stating that 41% of employers are more confident their employees value and appreciate their retirement benefits. Graphic stating that 37% more employers feel that they benefit from reduced fiduciary risk. Graphic stating that 22% more employers say their entire benefit offering is meeting their goals.

We deliver tailored solutions for your unique business.

It comes down to expertise. When you work with a retirement-focused company, you get expertise and assistance in managing your plan with holistic data and actionable insights.

By working with a leading service provider, you can get a comprehensive view of:3

Defined contribution solutions

401(k) and 403(b) options to help employees save more

Nonqualified deferred compensation

Extra savings for employees beyond qualified plan limits

Trust and custody solutions

Trustee, custody, and paying agency services to offer comprehensive service and support

Pension solutions

Defined benefit plans and pension risk transfer to help meet your goals

Stock plan solutions

Long-term incentive plans, employee stock purchase plans, and ESOPs to help attract and retain key talent

REACH OUT

See how Principal® Total Retirement Solutions can help.

Contact your trusted business financial professional, or we can help you find one.

1 Principal® Retirement Security Survey findings, June 2022.

2 One provider is in reference to the plan recordkeeper or if applicable, Pooled Plan Provider. If you delegate to other providers such as a 3(38), you'll need to monitor as well.

3 Top 3 defined contribution provider by number of participants, according to the annual PLANSPONSOR Recordkeeping Survey, July 2021.

Insurance products and plan administrative services provided through Principal Life Insurance Company®, a member of the Principal Financial Group®, Des Moines, IA 50392.

The subject matter in this communication is educational only and provided with the understanding that Principal® is not rendering legal, accounting, investment advice or tax advice. You should consult with appropriate counsel or other professionals on all matters pertaining to legal, tax, investment or accounting obligations and requirements.

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