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Defined Benefit Plans

Defined benefit (DB) plans present a lot of opportunity for advisors. But along with that comes some unique challenges. Turns out, you’re in the right place.

As the No. 1 service provider of DB pension plans1 and a leader in pension risk transfer2, we can help. Principal® has a unique and broad set of services and capabilities when it comes to working with DB clients and their plans. But we’re not just saying that, we’ve applied for a patent on our process and services – as the Principal® Complete Pension Solution. The patent pending process can include:

  • Comprehensive defined benefit services – choices include administration, trust and custody of plan assets.
  • State of the art technology integrating plan services such as administrative, actuarial, investment management and pension risk transfer services.
  • An up-front examination and review of your participant data to help ensure it’s in good order for ongoing administration or plan termination.
  • Offer a commitment to quote an annuity when you are ready to permanently transfer risk.

What can it (we) do for you? Read and watch what’s below. And feel free to call us with your DB needs and questions at 800-952-3343, option 2.

1 Based on number of plans, PLANSPONSOR Recordkeeping Survey, July 2018
2 Based on single premium product sales. LIMRA, 2018

 

 

We can help

If you’re not as comfortable with DB plans as you are with defined contribution plans, that’s OK. We can help you through the process. Call our Advisor Support Team at 800-952-3343, option 2, to get started, or email to initiate a DB quote.

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