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Retirement Planning > Retirement Investing

Principal Introduces Defined Benefit Executive Retirement Plan

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NU Online News Service, Sept. 2, 2003, 2:43 p.m. EDT – Principal Financial Group Inc., Des Moines, Iowa, is introducing an Executive Nonqualified Defined Benefit Plan.

The plan is a company-funded, deferred compensation plan. Participating employees are not required to make contributions and the participants bear no investment risk, Principal says.

Principal will be bundling the plan with administrative services from one of its subsidiaries, Executive Benefit Services Inc., Raleigh, N.C.


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