The Principal Gives TPAs, Financial Professionals an Edge

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.

The Principal TPA Edge program offers financial professionals and TPAs:

Technology and services that help simplify processes and enable TPAs to focus more on growing their business

A investment platform, offering multiple investment managers

TPA Relations Consultants with more than 18 years of experience who are dedicated specifically to TPAs

Total retirement solutions available for TPA-administered plans for both profit and non-profit organizations, including defined benefit, defined contribution, such as 401(k) and 403(b), nonqualified and employee stock ownership plan (ESOP)

Strong local presence in more than 50 cities across the United States, with local personnel and services dedicated to TPAs, financial professionals and plan sponsors.

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