Principal Financial Group NYSE: PFG is a publicly traded corporation based in Des Moines, Iowa, USA.
The Principal Financial Group (The Principal) is a global financial services provider which offers a wide range of financial products and services, and is a U.S. leader in 401(k) plans. Headquartered in Des Moines, Iowa, the company has more than 18 million customers worldwide. As of September 30, 2009, assets under management exceeded $280 billion. It was ranked 273rd on Fortune magazine’s list of the 500 largest U.S. corporations (May 2009). It has been consistently awarded the distinction as one of the world's most ethical companies.
ASAE has teamed with the Principal Financial Group® (The Principal®) to create the ASAE Retirement Solution, exclusively for their member associations.
"A 401(k) plan is a huge part of an employee benefit package. It helps make a small association more competitive, especially regarding employee retention and recruitment. The Principal makes it easy to administer even for a small association. We couldn't do this on our own -- The Principal makes compliance with federal laws a breeze." Evelyn F. Ireland, CAE, Executive Director, National Association of Dental Plans
Benefits of the ASAE Retirement Solution
Successful retirement programs are built on solid plan design, a bundled package of services, and a wide range of diverse investment options.
You'll find all of these and more in the ASAE Retirement Solution - retirement plan administrative services provided by The Principal.
ASAE members will receive:
Special association pricing;
Customized design assistance to help meet your needs;
Seamless implementation and administrative services;
Local service from knowledgeable representatives; and
Secure online access to participant retirement accounts and data
Testimonials:
"We chose The Principal as our service provider because of their wide variety of retirement plan platforms and outstanding local service", John H. Graham, ASAE President and CEO
"Even through the PEO we've used over the years have offered retirement plans to our employees, we (The National Association of Dental Plans) would never move from The Principal. They provide easy online access for employees - and for me, as the administrator. It's all self-directed. My account representative provides prompt support, and The Principal recently reviewed our program in detail and made suggestions for updates including new funds they now have available. For them to spend that kind of time with an organization of nine employees is just amazing to me." Evelyn F. Ireland, CAE, Executive Director, National Association of Dental Plans
"Sometimes when you have high retention, some may think you are retaining employees who aren't motivated. In our case, it's the opposite. While we enjoy a high retention rate, we're also one of the few insurance companies in the country that's generating profits from business without investment income," Christine Schmitt, CFO, MEEMIC Insurance Company.
"Having a great benefits package helps us attract customers. If we have a good, stable work force, it can help drive business-especially in a consulting business like ours. They're more likely to be long-term customers if they know the employees they rely on will be here next year," said Tom Niccum, PhD, CEO of Lancet Software Development.
"Our satisfied employees provide great service to our customers," said Charles Ferst, president, Strata Environmental Services, Inc.
It will be a dark and stormy night; I'm counting on it. But it's early yet. The sky is blue, the sea an unfamiliar shade of turquoise, and the air, room temperature. Maybe a little blowy, but I'm not complaining. I woke up this morning in Boston (we had some snow this winter -- maybe you heard), and here I am, two hours out of Logan, in Bermuda.
I came down with Malcolm Gosling Jr. Malcolm, who just turned 50, was born and raised in Bermuda. He looks the part: cleft chin, square jaw, blue blazer, white shirt open at the collar. He talks as if he has a mouthful of marbles. Malcolm's great-great-great-grandfather was Ambrose Gosling, whose brother, James, the oldest son of William Gosling, a London vintner, arrived in Bermuda from England in 1806 aboard the barque Mercury, carrying 10,000 pounds sterling of wine and spirits. Bermuda was not the Mercury's intended destination. James meant only to stop, but he lingered (I'm not surprised), and eventually Ambrose joined him.
Business was shaky, initially, but Ambrose persisted, and nearly two centuries later his descendants -- among them Malcolm; his sister, Nancy Gosling, who's CEO; and his cousin, the Right Worshipful Charles Gosling, mayor of Hamilton -- preside over an eclectic and prosperous family enterprise. They're the biggest distributors of wine, beer, and spirits on the island, and among the biggest retailers of same. They control the duty-free franchise at the airport. They own real estate. And they blend rums -- notably, Gosling's Black Seal.
You used to be able to walk into any Gosling's store on the island with an empty container and fill it with rum straight from the barrel. Bottling -- using champagne empties salvaged from the officers' mess at the British garrison -- began only after World War I, in response to demand from participants in the annual Newport Bermuda yacht race, who bought cases of Gosling's to bring back home. It's front-of-the-shelf behind every bar from St. George's to Somerset (where you'll find the last Gosling's store that still sells Black Seal on tap). But until fairly recently, if you had a craving for genuine Gosling's rum, you had to go to Bermuda to satisfy it.
The Principal Financial Group (The Principal) is a global financial services provider which offers a wide range of financial products and services, and is a U.S. leader in 401(k) plans. Headquartered in Des Moines, Iowa, the company has more than 18 million customers worldwide. As of September 30, 2009, assets under management exceeded $280 billion. It was ranked 273rd on Fortune magazine’s list of the 500 largest U.S. corporations (May 2009). It has been consistently awarded the distinction as one of the world's most ethical companies.
ASAE has teamed with the Principal Financial Group® (The Principal®) to create the ASAE Retirement Solution, exclusively for their member associations.
"A 401(k) plan is a huge part of an employee benefit package. It helps make a small association more competitive, especially regarding employee retention and recruitment. The Principal makes it easy to administer even for a small association. We couldn't do this on our own -- The Principal makes compliance with federal laws a breeze." Evelyn F. Ireland, CAE, Executive Director, National Association of Dental Plans
Benefits of the ASAE Retirement Solution
Successful retirement programs are built on solid plan design, a bundled package of services, and a wide range of diverse investment options.
You'll find all of these and more in the ASAE Retirement Solution - retirement plan administrative services provided by The Principal.
ASAE members will receive:
Special association pricing;
Customized design assistance to help meet your needs;
Seamless implementation and administrative services;
Local service from knowledgeable representatives; and
Secure online access to participant retirement accounts and data
Testimonials:
"We chose The Principal as our service provider because of their wide variety of retirement plan platforms and outstanding local service", John H. Graham, ASAE President and CEO
"Even through the PEO we've used over the years have offered retirement plans to our employees, we (The National Association of Dental Plans) would never move from The Principal. They provide easy online access for employees - and for me, as the administrator. It's all self-directed. My account representative provides prompt support, and The Principal recently reviewed our program in detail and made suggestions for updates including new funds they now have available. For them to spend that kind of time with an organization of nine employees is just amazing to me." Evelyn F. Ireland, CAE, Executive Director, National Association of Dental Plans
"Sometimes when you have high retention, some may think you are retaining employees who aren't motivated. In our case, it's the opposite. While we enjoy a high retention rate, we're also one of the few insurance companies in the country that's generating profits from business without investment income," Christine Schmitt, CFO, MEEMIC Insurance Company.
"Having a great benefits package helps us attract customers. If we have a good, stable work force, it can help drive business-especially in a consulting business like ours. They're more likely to be long-term customers if they know the employees they rely on will be here next year," said Tom Niccum, PhD, CEO of Lancet Software Development.
"Our satisfied employees provide great service to our customers," said Charles Ferst, president, Strata Environmental Services, Inc.
It will be a dark and stormy night; I'm counting on it. But it's early yet. The sky is blue, the sea an unfamiliar shade of turquoise, and the air, room temperature. Maybe a little blowy, but I'm not complaining. I woke up this morning in Boston (we had some snow this winter -- maybe you heard), and here I am, two hours out of Logan, in Bermuda.
I came down with Malcolm Gosling Jr. Malcolm, who just turned 50, was born and raised in Bermuda. He looks the part: cleft chin, square jaw, blue blazer, white shirt open at the collar. He talks as if he has a mouthful of marbles. Malcolm's great-great-great-grandfather was Ambrose Gosling, whose brother, James, the oldest son of William Gosling, a London vintner, arrived in Bermuda from England in 1806 aboard the barque Mercury, carrying 10,000 pounds sterling of wine and spirits. Bermuda was not the Mercury's intended destination. James meant only to stop, but he lingered (I'm not surprised), and eventually Ambrose joined him.
Business was shaky, initially, but Ambrose persisted, and nearly two centuries later his descendants -- among them Malcolm; his sister, Nancy Gosling, who's CEO; and his cousin, the Right Worshipful Charles Gosling, mayor of Hamilton -- preside over an eclectic and prosperous family enterprise. They're the biggest distributors of wine, beer, and spirits on the island, and among the biggest retailers of same. They control the duty-free franchise at the airport. They own real estate. And they blend rums -- notably, Gosling's Black Seal.
You used to be able to walk into any Gosling's store on the island with an empty container and fill it with rum straight from the barrel. Bottling -- using champagne empties salvaged from the officers' mess at the British garrison -- began only after World War I, in response to demand from participants in the annual Newport Bermuda yacht race, who bought cases of Gosling's to bring back home. It's front-of-the-shelf behind every bar from St. George's to Somerset (where you'll find the last Gosling's store that still sells Black Seal on tap). But until fairly recently, if you had a craving for genuine Gosling's rum, you had to go to Bermuda to satisfy it.