Principal Guide Outlines a Course

November 18, 2008 ( - As market turbulence takes its toll on everything from 401(k) account balances to pension plan funding, employers are scrambling to assess the full impact on their retirement programs.

That’s where a new guide – “Navigating Your Way through Market Turbulence” – from the Principal Financial Group purports to assist employers as they review their retirement programs.

Type Set

The guide takes a look at how the market volatility may be affecting four retirement plan types: defined benefit, defined contribution, Employee Stock Ownership Plan and nonqualified deferred compensation – and offers action steps to consider for each plan type.

“In this rapidly changing environment, it is more important than ever for employers to make a careful review of their retirement programs,” said Dennis Long, vice president, Retirement and Investor Services at The Principal. “This guide can help them work with their financial professional to make informed decisions about changes that may be needed as a result of market unrest.”

The guide is the latest in a series of educational resources from The Principal for financial professionals and employers about weathering the financial storm.   The new guide is available in the retirement section of the Principal Research Center at , or directly at .