Principal Financial Group is teaming up with EQ U.S. to help employer plan sponsors manage retirement plan benefit and equity compensation programs as part of a unified experience.
Scheduled for onboarding of new plans in the first half of 2021, the Principal Equity Compensation Solutions—integrated with Principal Total Retirement Solutions—will feature:
- a single, integrated view of retirement and equity compensation plans, allowing retirement and equity compensation plan sponsors to work with one service provider, helping to streamline administration and maximize benefit dollars;
- technology that turns real time data into actionable insights, bringing employees a holistic financial picture to help them drive their retirement goals; and
- a streamlined consulting experience with retirement plan sponsors and employees, providing financial professionals with broader insight that can help clients make informed decisions.
“Principal Total Retirement Solutions, combined with EQ U.S. market-leading global technology platform for equity compensation plan services creates an experience designed to meet the needs we’ve heard from plan sponsors,” says Jerry Patterson, Senior Vice President, Retirement and Income Solutions at Principal. “We’ve built a powerful suite of features—from a holistic plan view that provides actionable intelligence and one source for financial wellness to time-saving efficiencies that help maximize recruitment and retention for businesses of all sizes.”
Additional information can be found here.
