The Principal Announces New TPA Expense Allowance Program
December 10, 2009 (PLANSPONSOR.com) - Available during the first quarter of 2010, The Principal Financial Group is offering a transition expense allowance to help offset third party administrator fees during their first year with The Principal.
A press release said The Principal is offering the
program to help TPAs be more competitive and attract more sales. TPAs have the
ability to pass their savings on to plan sponsor clients.
The Principal recently announced other enhancements to
the Principal TPA Edge program including improvements to its unbundled service
model, pricing, and technology platform (see Principal Enhances Third-Party Administrator Services).
You Might Also Like:
New Workplace Savings Accounts Spotlight Need for Emergency Savings
Empower Retirement Reveals New, Shorter Name
T. Rowe Price Names New CEO But Reaffirms Priorities
« Advisers to Funds within Target-Dates not Plan Fiduciaries