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Principal To Acquire ESOP Consulting Firm

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NU Online News Service, Dec. 19, 9:46 a.m. – The Principal Financial Group Inc., Des Moines, Iowa, has agreed to acquire Benefit Consultants Inc., Appleton, Wis., a benefits consulting and administration firm that specializes in handling employee stock ownership plans.

The price and other terms were not immediately available.

BCI, which was established in 1978, has 90 employees. It serves plans that have about 300,000 ESOP participants.

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