The Principal Financial Group has streamlined the process of changing retirement plan providers with dedicated support — a single, secure storage location for documents and eSignature capabilities. It’s one of the first in the industry to make electronic signatures available for transition paperwork.
The Principal has streamlined the transition process with dedicated support every step of the way, the ability to sign transition paperwork electronically and an easy-to-use online document hub.
Plan sponsors also have the option of a streamlined strategy for transferring plan assets, automatically defaulting participants into a qualified default investment alternative (QDIA) selected by the plan sponsor. Participants have the choice to opt-out during the transition or after it.
A smooth transition is a key driver of client satisfaction during the conversion process. The simplified process frees up plan advisors, allowing them to focus on other aspects of their business, and builds good will with their clients.
