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B&M Selects Principal Financial to Provide Retirement Services

Posted on: Monday, 24 March 2008, 09:00 CDT

Burns & McDonnell has selected Principal Financial Group to provide retirement plan services, giving employees a consolidated view of accounts.

The Principal has been the employee stock ownership plan (ESOP) service provider for Kansas City-based Burns & McDonnell since 2003. Principal will now provide defined contribution 401-k plan services and enhanced ESOP plan services to the firm.

The comprehensive package of services and tools available to Burns & McDonnell plan participants includes online account information and education through the web site, easy-to-understand total retirement statements that feature a consolidated view of all retirement plans with services through The Principal, on-site investment education and retirement planning seminars, toll-free access to retirement specialists, rollover assistance and the quarterly magazine Plan Ahead Get Ahead.

Paul Brown, vice president of retirement and investor services at The Principal, said: "We are delighted that Burns & McDonnell chose The Principal for our retirement and technological expertise in helping their participants save for a more secure retirement."

Source: Datamonitor

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