Close Close

Retirement Planning > Retirement Investing

Principal To Include Outside Plans In Retirement Statements

Your article was successfully shared with the contacts you provided.

NU Online News Service, Aug. 7, 2003, 3:13 p.m. EDT – Principal Financial Group Inc., Des Moines, Iowa, will be offering 401(k) plan sponsors a “total retirement statement” that combines updates on defined contribution plans, defined benefit plans, non-qualified plans and employee stock ownership plans.

The statement can include information about plans run by outside vendors as well as plans run by Principal, Principal says.

The statement uses graphs and bar charts to illustrate estimated monthly retirement benefits.

The statement also can identify gaps and potential shortfalls in a plan participant’s retirement savings, Principal says.


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.