As Consumer Saving Dips, National Associations Recognize Efforts to Educate American Workers; The Principal Financial Group and Plan Sponsor Clients Earn Top Industry Honors.DES MOINES, Iowa “Des Moines” redirects here. For other uses, see Des Moines (disambiguation). Des Moines (pronounced /dɪˈmɔɪn/ in English, -- With the national consumer savings rate Savings rate Personal savings as a percentage of disposable personal income. at its lowest level since the Great Depression, retirement planning and education are more critical today than ever. The Principal Financial Group,(R) the nation's 401(k) leader and total retirement solutions innovator, was recently recognized, along with several plan sponsor clients, for their award-winning efforts to educate American workers and implement successful retirement savings programs. The Profit-Sharing and 401(k) Council of America (PSCA PSCA Profit Sharing/401(K) Council of America PSCA Philippine School of Culinary Arts PSCA Protein Sequence Comparative Analysis PSCA Parts Stress Count Analysis (British Telecom) ), which advocates retirement security through profit sharing profit sharing, arrangement by which employees receive, in addition to their wages, a share of the net profits of a business. The purpose is to give them an incentive to increase their output through enhanced morale, less wasteful use of materials, better care of programs, recently honored four retirement plan sponsor clients of The Principal(R) - including Fleetwood Enterprises, Inc., National Geographic Society National Geographic Society U.S. scientific society founded in 1888 in Washington, D.C., by a small group of eminent explorers and scientists “for the increase and diffusion of geographic knowledge. , Wolohan Lumber Company and World Wildlife Fund - as 2005 Signature Award winners. The Signature of Excellence, the top honor in each category, was awarded to Fleetwood Enterprises, Inc. for the categories of "Complete Campaign--Large Company" and "Language Diversity," and to World Wildlife Fund for the category of "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 ." Winners were selected for excellence in communication strategy, creative approach, and achievement of measurable results. As the service provider to employers sponsoring retirement plan for workers, The Principal designs and helps clients implement successful retirement communication and education programs on behalf of their employees. In addition to the plan sponsors awards, The Principal also was recognized as a 2005 Signature Award winner for its successful programs promoting National 401(k) Day to its 45,000 retirement plan sponsors and 3.5 million plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. . "American workers are crying for help in making decisions about the complex issues surrounding retirement saving and security," according to award winner Lucy Morgan, director of human resources at the National Geographic Society. "These honors prove that with the right focus, partnership and commitment, we can demystify de·mys·ti·fy tr.v. de·mys·ti·fied, de·mys·ti·fy·ing, de·mys·ti·fies To make less mysterious; clarify: an autobiography that demystified the career of an eminent physician. the process and positively influence Americans' savings and investing behavior. The Principal is an unbeatable partner in this effort." In addition to the PSCA Signature Awards, The Principal and several clients also were recognized by the Insurance and Financial Communicators Association (IFCA IFCA Independent Fundamental Churches of America IFCA International Funboard Class Association IFCA International Flight Catering Association IFCA Illinois Fire Chiefs Association IFCA International Forum of Catholic Action IFCA Internal Functional Configuration Audit ) for excellence in communication, earning two "Best in Show" awards, six "Awards of Excellence" and three "Honorable Mention" honors in the 2005 IFCA competition. The Principal won "Best of Show" in this national competition for Allied Holdings, Inc. and "Plan Ahead Get Ahead," a personal finance magazine designed to help educate plan participants on the principles of saving and investing according to their stage in life. Additional clients of The Principal honored this year included Kawasaki Motors Corporation and Swales Aerospace. "Plan Ahead Get Ahead" Magazine, produced for The Principal by Meredith Corporation, also recently won an Astrid Award in the Investment/Financial Category. The Astrid Awards are an international competition honoring outstanding achievement in Design Communication. About PSCA and IFCA PSCA's annual Signature Awards is a competition designed to honor excellence in plan communication and investment education. By sponsoring the Signature Awards competition, PSCA encourages the sharing of communication ideas and rewards excellence in profit sharing and 401(k) plan communication and investment-education. IFCA is an international organization representing 125 financial services companies. Its annual honors are awarded to work that is compelling in its delivery, and concise in its message. About the Principal Financial Group The Principal Financial Group(R) (The Principal (R))(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 $188.4 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. (2) and serves some 15.3 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 New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol PFG PFG Principal Financial Group PFG Performance Food Group (Richmond, VA) PFG Pinnacle Financial Group PFG Plasma Flood Gun PFG Planning for Growth PFG Pasty Faced Geek PFG Perfluoroguanidine . For more information, visit www.principal.com. (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 September 30, 2005 |
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