The Principal Announces TPA Expense Allowance Program

Available during the first quarter of 2010, The Principal Financial Group is offering a transition expense allowance to help offset third-party administrator (TPA) fees during their first year with The Principal.

A press release said The Principal is offering the program to help TPAs be more competitive and attract more sales. TPAs have the ability to pass their savings on to plan sponsor clients.

The Principal recently announced other enhancements to the Principal TPA Edge program including improvements to its unbundled service model, pricing, and technology platform (see “Principal Updates TPA Program”).