Principal® Collaborates With FuturePlan to Meet Heightened Demand for Pooled Retirement Plans

Principal Financial Group®, a leader in pooled retirement plan offerings, announced the successful transition of administrative responsibilities for Principal® EASE, the firm’s largest Pooled Employer Plan (PEP) by client count, to FuturePlan. This move enables Principal® to better align its recordkeeping and investment capabilities with the fiduciary and administrative expertise of third-party administrators (TPAs) like FuturePlan.

Adding FuturePlan as the pooled plan provider, 3(16) plan administrator, and TPA for Principal® EASE – all of which went into effect July 1 – enables Principal® to deepen its focus on building more customer-centric capabilities, investment offerings, and innovations for all plans in collaboration with retirement plan advisers and TPAs. The change will also optimize the service experience customers receive through the collective expertise of the two firms.

“We’re proud to build on our longstanding relationship with Principal,” said Kasey Price, president of FuturePlan. “This milestone reflects our leadership in the retirement space and our shared commitment to innovation and excellence in client and participant service. We look forward to serving even more savers as we continue growing together.”