Download RELEASE: On receipt, January 23, 2007 CONTACT: Susan Houser

RELEASE:
CONTACT:
On receipt, January 23, 2007
Susan Houser, The Principal, 515.248.2268, [email protected]
Terri Hale, The Principal, 515.283.8858, [email protected]
Principal Financial Group and Balance Point to Provide Seamless Payroll,
Retirement Plan and Financial Consulting Services
Balance Point joins the Principal Payroll ProgramSM as a select payroll vendor
(Des Moines, Iowa) – The Principal Financial Group®1, the nation’s 401(k) leader and total
retirement solutions innovator, announces that Balance Point joined the Principal Payroll ProgramSM
as a select payroll vendor located in New Jersey. The Principal Payroll Program is the first program to
fully integrate the resources of three independent experts – payroll services, retirement plan
administrative services and professional financial consulting – into a single, seamless package.
“The Principal Payroll Program helps employers save time and money by automating the
exchange of data between their payroll service provider—Balance Point— and their retirement plan
service provider, The Principal,” explains Doug Grove, vice president and National Sales Director of
Retirement & Investor Services—The Principal. “Employers will also have access to an experienced
financial professional who can help them choose the best retirement program for their needs—as well
as provide ongoing guidance and participant education to make sure that program succeeds.”
“We’re excited to take this relationship to the marketplace. Together, Balance Point and The
Principal are a force to be reckoned with by providing complete customization, integration and
flexibility to their 401(k) plans,” said Pete Luciano, vice president of Sales and co-founder of Balance
Point. “Balance Point and The Principal are an excellent fit. They both provide a high level of
customer service and state-of-the-art technology.”
About Balance Point
Balance Point, a privately held company, is a payroll service bureau founded under the premise of
delivering the best customer service and technology. With extensive experience, they focus on the
middle market, providing solutions for more than 650 clients primarily in the Tri-state area, and
processing in excess of one million checks annually. Balance Point provides payroll services, Human
Resource Services, Time and Attendance solutions, as well as custom reporting for all industry
groups. They pride themselves on their flexibility and personalized service allowing them to provide
The Principal ranks number one in plans among companies that provide both administrative and investment services –
2006 Spectrem Group analysis of fully-bundled 401(k) providers.
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solutions tailored to each client’s specific needs. For more information, go to
www.balancepointpayroll.com.
About the Principal Financial Group
The Principal Financial Group (The Principal ®)2 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
and national network of financial professionals. A member of the Fortune 500, the Principal Financial
Group has $215.0 billion in assets under management3 and serves some 16.4 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.
"The Principal Financial Group" and “The Principal” are registered service marks of Principal Financial Services, Inc., a member of the
Principal Financial Group.
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As of September 30, 2006.
2