ASAE Partners with The Principal Financial Group to Offer Retirement Benefits.ASAE ASAE American Society of Association Executives ASAE American Society of Agricultural Engineers (Society for Engineering in Agricultural, Food, and Biological Systems) ASAE Alkali-Sulfite-Anthraquinone-Ethanol Services, Inc., ASAE's for-profit subsidiary, has selected The Principal Financial Group to implement a new retirement plan benefits program for associations. "In reviewing the 401(k) and retirement program marketplace, we chose The Principal as our provider because of their wide variety of retirement plan platforms and outstanding local service," says ASAE President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Michael S. Olson, CAE (1) (Computer-Aided Engineering) Software that analyzes designs which have been created in the computer or that have been created elsewhere and entered into the computer. . Included in the package offered by The Principal are * Online administrative support and record-keeping services including daily valuation, electronic data reporting, benefit distributions, and executive summaries. * Employee services providing easy paths to information, including electronic enrollment; 24-hour online Retirement Service Center and telephone voice response for account information, fund transfer, interactive educational and asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. tools; on-site investment education and retirement planning seminars; and toll-free counseling, financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against , and rollover assistance. * A wide variety of investment options, consisting of various investment styles and approaches. * Employer compliance tools including top-heavy determination and minimum contribution calculations, nondiscrimination tests, employee booklets, summary of material modifications, and summary annual report. |
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