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Products July 28, 2011
The Principal Releases EASE Program for Sponsors
The Principal has launched a new program that is designed to help plan sponsors save time and money, and reduce the
burdens of retirement plan administration.
Reported by PLANADVISER staff
The Principal’s EASE Program – Employer Administrative Solutions made Easier – unites a suite of distribution, recordkeeping, plan compliance, payroll, and third party administrator services in one package.
Plan sponsors may be able to save time and money, as well as ease of communication with clients, by transferring their administrative jobs to The Principal. The program includes a written service warranty that may provide plan fiduciaries with a level of indemnification protection.
“We understand employers need time to focus on running their businesses,” said Doug Grove, vice president, national sales director of retirement services. “We are so confident in the Principal EASE Program that we back it up with a written service warranty. If we’re ever unable to fix a service problem to the client’s satisfaction, we will waive the fee for the service.”