Principal Puts Out Tax Exempt Plan Offering

The Principal Financial Group released The Principal Executive Bonus Plusâ€″a tax-exempt, non-qualified retirement plan for non-profit or tax-exempt organizations.

A Principal news release said the new offering gives employers multiple design options including simulated deferral, single bonus, and double bonus.

The plan has no contribution limits and does not require liability tracking, which eliminates the need for complicated administrative services. Employees own the assets and control investment direction at all times.

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“Key employees for tax-exempt organizations are hard to find and even harder to retain, which makes benefits an extremely important tool,” said Pete Leo, national advanced solutions specialist for the Principal Financial Group, in the release. “Recent tax law changes have added new challenges for benefits programs, which is why we’ve created a simple, yet more flexible alternative to help these organizations continue to attract and retain good talent.”


More information is available at www.principal.com.

Market Vectors-Africa ETF Lists on NYSE Arca

NYSE Euronext launched Van Eck’s Market Vectors-Africa exchange-traded fund (ETF) on NYSE Arca.

Market Vectors-Africa Index ETF (ticker: AFK) gives access to a fast-growing, relatively untapped market that is becoming increasingly sought by investors looking beyond existing international investment opportunities, NYSE Euronext said.

AFK is designed to track the Dow Jones Africa Titans 50 Index, a rules-based index intended to give investors access to the overall performance of companies that are headquartered in Africa or that generate the majority of their revenues in Africa, according to a release.

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