The Principal Financial Group is extending a program designed to help financial professionals and third-party administrators (TPAs) capture more retirement business. The TPA installation expense allowance program from The Principal will run through Dec. 30, 2011. The Principal says the program applies to start-up and transfer retirement plans administered with the help of a TPA.
The allowance is available to start-up and transfer defined contribution plans sold from Aug. 1, 2010, through Dec. 30, 2011, and is intended to help offset TPA plan installation fees. The Principal says that, when combined with the existing administrative support and program efficiencies offered through the TPA Edge program, plan sponsors can deliver an even greater value to their plan participants.
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