Retirement Funding for Non-Profit Organizations Made Easy

Having a good employee benefit plan encourages American workers (63 percent) to work harder and perform better according to the Principal Financial Well-Being IndexSM. Six out of ten respondents also report having good benefits is an incentive to keep working for their current employer. With so much at stake, the Principal Financial Group® is offering a new way to provide attractive benefits to key employees in non-profit or tax-exempt organizations, such as charities and civic groups. "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. "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.” The Principal Executive Bonus PlusSM – Tax-Exempt is an effective retirement plan that avoids legislative complexity of traditional 457 plans. With this nonqualified plan, employers have multiple design options including simulated deferral, single bonus and double bonus. The plan has no contribution limits and doesn’t require liability tracking, which eliminates the need for complicated administrative services. Employees own the asset and control investment direction at all times. For more information about business solutions from The Principal, brokers should contact their Principal Financial Group representative or visit www.principal.com. About the Principal Financial Group The Principal Financial Group® (The Principal ®)1 is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $304.2 billion in assets under management2 and serves some 18.8 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com. About the Principal Financial Well-Being Index The index, which surveys American workers at growing businesses with 10 to 1,000 employees and retired Americans, is released each quarter by the Principal Financial Group® and conducted by Harris Interactive®. For more information, visit http://www.principal.com/wellbeing/index.htm Insurance products and services issued by Principal Life Insurance Company. Securities offered through Princor Financial Services Corporation, 800/247-1737, member SIPC. Principal Life and Princor® are members of the Principal Financial Group®, Des Moines, IA 50392. 1 "The Principal Financial Group" and "The Principal” are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group. 2 As of March 31, 2008