Deals and People
Principal and Wells Fargo leadership have revealed their technology plans for serving the nonqualified and employee stock ownership plan sides of the combined business.
Creative Planning already has a well-established 401(k) offering, but the acquisition will open up its market reach to smaller plans.
“We will do everything we can to make this a non-event for plan sponsors and participants,” says Renee Schaaf, Principal’s president of retirement and income solutions.
The focus of the newly independent ShareBuilder 401k will be on expanding coverage among small companies, says its president.