Principal EASE Program
®
Employer Administrative Solutions Made Easier
Comprehensive 3(16) administrative services support for your retirement plan.
B A C K E D B Y A S E R V I C E WA R R A N T Y.
Relieve Your
Administrative Burdens
A retirement plan can be a powerful
tool for attracting, motivating and
retaining top employees. But the
administrative responsibilities that
go along with it can be challenging.
Ask yourself: How many hours a day are you spending managing your retirement plan?
Are you working with a service provider that minimizes your administrative burdens?
?*
Do you trust that your provider is working in conjunction with your human resources department
?
Are you aware of your ERISA Section 3(16) Plan Administrator fiduciary duties
The Principal EASE Program allows you to reduce your administrative burden by handing off
many tasks to us — potentially saving you time and money. We provide a broad suite of distribution,
recordkeeping, plan compliance and payroll integration services all designed with your needs in mind.
From benefit
events to loans to
vesting and more,
our program helps
make for an easier
hand off.
Benefits
for You
E M P LO YER
A D M I N I S T R AT I V E
S O LU T I O N S made
E ASIER
• Comprehensive administrative support,
tailored to meet your needs
––––––––––––––––––––––––––––––––––––––––––––––––––––
• ERISA 3(16) administrative services support
focused on helping you comply with your
fiduciary obligations
––––––––––––––––––––––––––––––––––––––––––––––––––––
• Seamless retirement plan administrative services
featuring state of the art, proprietary technology
and dedicated, experienced employees
––––––––––––––––––––––––––––––––––––––––––––––––––––
• Retirement plan services are backed by
a written service warranty
* For a listing of services provided by The Principal, reference the Service and Expense Agreement.
This brochure is not intended to broaden or modify any services provided under the Service and Expense Agreement.
Hand Off with Principal EASE Program
The Principal EASE Program is just part of our robust package of
core retirement plan services. We provide comprehensive solutions for
your retirement plan needs.
LOAN
ATIONS
G&
APPROVIN NG TERMIN
MAINTAINI
PROCESSING
IPS
HARDSH
DISTRIBUTIONS
REQ
Q
TAXRTING DROs DMINIMUIRED
REPO
ISTR
DETERMIN
IBUT UM
ION
ING ENROLLING MO
NIT
EMPLOYEES CONTRIBORING
U
L TION
EMPLOYEEY
ELIGIBILIT
IMITS
RECORDKEEPING
COMPREHENSIVE
3(16) ADMINISTRATIVE
SERVICES SUPPORT VIA
BENEFICIARY ALLOCAT
DESIGNATIONS CONTRIBUTIOING
OYEE
EMPL ICES
NOT
NS
CONTRIBUTION
AMOUNTS
YOUR ADMINISTRATIVE
RESPONSIBILITIES
COMPLIANCE
N TESTING
PLAMENTS
DOCU
PLAN A
UDITS
PLAN COMPLIANCE
SUMMARY
PLAN
DESCRIPTIONS
ND
YEAR-EA
DAT ION
COLLEC
T
MULTIPLE
PAYROLL
SUBMISSIONS
PAYROLL
EMPL
DATA CH OYEE
ANGES
HAND
OFF
Principal
EASE PROGRAM
Free Yourself to Focus on
Other Responsibilities
The Principal handles the details for you
Core and supplemental services designed to help you comply with your 3(16) Plan Administrator fiduciary duties include:
DISTRIBUTION
SERVICES
RECORDKEEPING
SERVICES
• Benefit event process
(terminations, retirement, death, disability)
• Flexible loan options
• Hardship and in-service withdrawal support1
• QDRO recordkeeping2
• Required minimum distributions
• Tax reporting
• Flexible enrollment options
• Salary deferral service
• Monitoring contribution limits
• Eligibility determination service
• Customized reports highlighting retirement plan activity
• Contribution allocation assistance
• Participant notice assistance3
• Beneficiary designation recordkeeping4
PLAN
COMPLIANCE
• Plan documents
• Streamlined process for year-end data collection
• Compliance testing
• Form 5500 preparation
• Assistance with fair value measuring of assets and liabilities (ASC 820)
• Audit support line
• Electronic summary plan description
• Government relations and legislative support
• SOC1 Report
PAYROLL
INTEGRATION
You Choose Your Depth of Integration
• Simplified: Our proprietary technology makes it easier for you or your
payroll company to upload your payroll data.
• Linked: We integrate with key payroll providers to offer even more
streamlined contribution and loan payment submission through
Linked 180˚ and Linked 360˚.
• Custom Linked: Build a custom format for your payroll provider to
submit information.
Service Warranty
We’re so confident in the Principal EASE Program, we back it up with
a written service warranty through Principal Life Insurance Company (Principal Life).
We pride ourselves on providing prompt and accurate service every time. If
we’re ever unable to fix a service problem to your satisfaction, we’ll waive the
fee for that service.5 We also indemnify the appropriate fiduciary with respect to
their liability, losses and reasonable expenses directly incurred by them if we fail
to perform a particular service in the agreed manner.5,6
Taking advantage of our commitment to quality service is easy:
• Automatic coverage. Retirement plans with services by Principal Life are
automatically covered by the service warranty. It’s just that simple.5
• No additional fee. There is no additional fee to receive the service warranty.
• Applies to most retirement plans. The service warranty applies to a full
range of retirement plans with The Principal — defined contribution, defined
benefit, nonqualified6 and ESOP.
Part of a Complete Package
Principal EASE Program is just one part of the
robust retirement plan services we provide.
Our core package also includes
a comprehensive investment platform,
a rigorous due diligence process and
outstanding participant services.
GET STARTED TODAY
Contact your financial professional or your local
representative of The Principal to learn how you can
EASE your administrative burden.
Enhanced withdrawal support available for an additional fee. The Principal will evaluate distributions based on guidelines
agreed upon by the plan sponsor. Underwriting requirements apply.
1
Expanded QDRO recordkeeping available for an additional fee. The Principal will evaluate the qualified status of the
Domestic Relations Order based on instructions established by the plan sponsor.
2
Certain notices available for your review and approval. Mailing service and custom notices available for certain plans
available for an additional fee. Underwriting requirements apply for mailing service and customized notices.
3
The Principal recordkeeps participant beneficiary designations. Underwriting requirements apply.
4
For informational purposes only and does not affect the terms and provisions defined in any term or provision of the Service
Warranty. For comprehensive warranty details on the levels of coverage we offer, see the Service Warranty document.
5
In general, nonqualified plans are not regulated under ERISA. Different investment products and financing options apply
to nonqualified plans. No member company of The Principal assumes any additional fiduciary responsibility for any
nonqualified deferred compensation plan. For purpose of nonqualified plans and plans not subject to ERISA, Principal Life
indemnifies the Plan Representative who signs the Service Agreement.
6
Insurance products and plan administrative services are provided by Principal Life Insurance Company. Principal Funds, Inc.
is distributed by Principal Funds Distributor, Inc. Securities are offered through Principal Securities, Inc., 800-547-7754, Member
SIPC and/or independent broker/dealers. Securities sold by a Principal Securities Registered Representative are offered through
Principal Securities. Principal Funds Distributor, Principal Securities and Principal Life are members of the Principal Financial Group®,
Des Moines, IA 50392. Investment options may not be available in all states or U.S. commonwealths. Separate Accounts are
available through a group annuity contract with Principal Life Insurance Company. See the group annuity contract for the full
name of the Separate Account. Principal Life Insurance Company reserves the right to defer payments or transfers from
Principal Life Separate Accounts as permitted by the group annuity contracts providing access to the Separate Accounts or as
required by applicable law. Such deferment will be based on factors that may include situations such as: unstable or disorderly
financial markets; investment conditions which do not allow for orderly investment transactions; or investment, liquidity,
and other risks inherent in real estate (such as those associated with general and local economic conditions). If you elect to
allocate funds to a Separate Account, you may not be able to immediately withdraw them.
Principal Life is not a fiduciary in the broader context of operating any plan.
© 2017 Principal Financial Services, Inc.
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