The Principal Updates Fiduciary Handbook for Plan Sponsors

April 17, 2008 ( - The Principal Financial Group has put out an updated, easy-to-use fiduciary handbook that in plain language will help plan sponsors and their financial professionals feel more confident in their fiduciary duties.

 “The Fiduciary Handbook – A Guide to Plan Sponsor and Plan Fiduciary Responsibilities” now includes the latest changes to retirement plan rules from the Pension Protection Act (PPA), according to a press release. Fred Reish, Managing Director, Reish Luftman Reicher & Cohen, and a nationally known ERISA attorney, has endorsed the guide.

The updated handbook is part of a package of tools offered by The Principal to help plan sponsors understand and manage their fiduciary responsibilities, the release said. The package includes an annual fiduciary file folder for plan sponsors to store all important plan materials in one convenient location, sample notices, and steps plan sponsors can take to document important decisions. 

Clients of The Principal can use the materials to better understand their fiduciary responsibilities under the Employee Retirement Income Security Act (ERISA) and the PPA, document the steps they take to satisfy their obligations, find answers to challenging questions, and more.

More information is at .