You can help your clients keep track of their fiduciary responsibilities

Retirement Plans:::

04/18/2024

Your clients need to have easy, ongoing access to their plan’s most important records and keep documentation that demonstrates they’ve completed annual fiduciary tasks. You can help by showing them how to use these fiduciary resources to stay organized.

Here’s what you need to know

Clients can use this activity log (defined contribution) to record any fiduciary-related activities they complete this year as well as the document checklist (defined contribution) to help them keep track of which documents they may want to save.

Resources for both defined benefit and defined contribution plans can be accessed any time on the secure employer site on principal.com.

After a client logs in, they can find the materials by clicking on the Help link in the upper right corner of the webpage and typing “fiduciary” into the search box.

Using the file to show your value

These resources can be a starting point for conversations about how you can help your clients more effectively manage their fiduciary responsibilities and stay compliant. You can encourage your clients to use these materials by downloading the documents for easy access and filling out the editable PDFs.

Questions? Contact your Principal^® representative or the Advisor Support Team at 800-952-3343.

Intended for financial professional/institutional use only.

The subject matter in this communication is educational only and provided with the understanding that Principal^® is not rendering legal, accounting, investment or tax advice. You should consult with appropriate counsel, financial professionals, and other advisors on all matters pertaining to legal, tax, investment or accounting obligations and requirements.

Insurance products and plan administrative services provided through Principal Life Insurance Company^®, a member of the Principal Financial Group^®, Des Moines, IA 50392.

Principal^®, Principal Financial Group^®, and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States and are trademarks and service marks of Principal Financial Services, Inc., in various countries around the world.

PQ11375A-02 | 3446667-032024 | 03/2024