The Principal® plan sponsor website has been undergoing some key changes. In the digital age we live in today, so much information is available at our fingertips—it can simply feel overwhelming! We’ve identified key features we believe will help make your life easier.
Even if you aren’t currently making distributions to ESOP participants when they leave employment in company stock, calculating the cost basis of the shares each year could save you time and money and minimize the potential for costly tax reporting errors.
Would you like to save time and money and avoid costly mistakes in the administration of your ESOP? One way you may accomplish this is to work closely with your Client Service Associate (CSA) throughout the annual administration process for your ESOP.