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Products July 28, 2011
The Principal Announces Release of EASE Program
July 28, 2011 (PLANSPONSOR.com) – The Principal has announced the launch of a new program that was designed to help plan sponsors save time and money and reduce the burdens of retirement plan administration.
Reported by PLANSPONSOR staff
The Principal EASE (Employer Administrative Solutions made Easier) Program unites a suite of distribution, recordkeeping, plan compliance, payroll, and even third party administrator services in one package.
According to the announcement, plan sponsors may be able to save time and money, as well as ease of communication with clients, by transferring their administrative jobs to The Principal. The program also includes a written service warranty that may provide plan fiduciaries with a level of indemnification protection.
“We understand employers need time to focus on running their businesses,” said Doug Grove, vice president, national sales director of retirement services at The Principal, in the announcement. “We are so confident in the Principal EASE Program that we back it up with a written service warranty. If we’re ever unable to fix a service problem to the client’s satisfaction, we will waive the fee for the service.”
-Sara Kelly
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