Products November 12, 2009

Principal Enhances Third-Party Administrator Services

November 12, 2009 (PLANSPONSOR.com) – As demand for the services of third-party administrators (TPAs) is growing, the Principal Financial Group has announced enhancements to its TPA program to help financial professionals and their TPAs capture new sales and more efficiently manage their existing business.

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According to a press release, Principal TPA Edge program now offers TPAs more choice and flexibility in servicing their clients with improvements to its unbundled service model, pricing, and technology platform.

Enhancements include:

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  • Pricing that recognizes the efficiencies of the TPA model and helps TPAs be more competitive;
  • A dedicated TPA service team that understands the business and have an average of more than 12 years experience;
  • New TPA reporting capabilities that allow TPAs to create and review transaction reports online;
  • Automated services such as Participant Vesting Service, Automated Benefit Event Process, and Participant Loan Services; and
  • A Retirement Dashboard that allows TPAs to manage their book of business with The Principal 24-hours a day, seven days a week

 More information is at www.principal.com.

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