DES MOINES, Iowa - (Business Wire) 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. They are also worried about what actions they may need to take right now as fiduciaries. The challenge is even greater for those with more than one type of retirement plan.
A new guide from the Principal Financial Group® can help employers make this critical review of their retirement programs. Navigating Your Way through Market Turbulence takes an in-depth look at how the market volatility may be affecting four common retirement plan types: defined benefit, defined contribution, Employee Stock Ownership Plan and nonqualified deferred compensation. The guide 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 extraordinary market events and economic conditions are weighing heavily on the minds of financial professionals and their clients—both employers and individual investors,” said Long. “We’ve made it a priority to provide the information and resources they need to navigate help these difficult times.”
The new guide is available in the retirement section of the Principal Research Center at www.principal.com/research.
About the Principal Financial Group
The Principal Financial Group® (The Principal ®)1 is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $287.4 billion in assets under management2 and serves some 19.0 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.
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1 "The Principal Financial Group" and “The Principal” are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.
2 As of September 30, 2008
Principal Financial Group
Terri Hale, 515-283-8858
hale.terri@principal.com
or
Susan Houser, 515-248-2268
houser.susan@principal.com
