Plan sponsor clients of The Principal can now integrate participant defined contribution (DC), defined benefit (DB), non-qualified (NQ) and employee stock ownership plans (ESOP) plans into one statement. The statement brings together participants’ many sources of retirement savings from plans provided by Principal in addition to outside vendors.
The statement comes with graphs and bar charts depicting estimated monthly benefits upon retirement and percentage of income the collective benefits will replace. Each statement includes a personalized analysis and description of the plan participant’s total retirement situation, as well as identifying gaps and potential shortfalls in retirement savings.
More information can be obtained by contacting Susan Houser at firstname.lastname@example.orgTerri Shell at email@example.com.