Gersie to Lead National Institute of Pension Administrators; Principal Financial Group Pension Expert Elected Head of Professional Society.Business Editors & Financial Writers DES MOINES Des Moines, city, United States Des Moines (dĭ moin`), city (1990 pop. 193,187), state capital and seat of Polk co., S central Iowa, at the junction of the Des Moines and Raccoon rivers; inc. , Iowa--(BUSINESS WIRE)--July 19, 2001 The Principal Financial Group(R), the nation's 401(k) leader, announced today that Ann ANN, Scotch law. Half a year's stipend over and above what is owing for the incumbency due to a minister's relict, or child, or next of kin, after his decease. Wishaw. Also, an abbreviation of annus, year; also of annates. In the old law French writers, ann or rather an, signifies a year. C. Gersie, vice president - retirement and investor services, has been elected president of the National Institute of Pension Administrators (NIPA), a professional society for the retirement industry. The position is effective July 1, 2001. As a leading provider of educational programs for retirement plan professionals, NIPA's goal is to help its members improve the quality and efficiency of plan administration and consulting. "NIPA is a unique organization in the industry," said Gersie. "It offers outstanding education and professional designation programs and is especially helpful to smaller organizations who don't have the resources to provide comprehensive training." Founded in 1983, Chicago-based NIPA (www.nipa.org) has more than 600 members across the country. Gersie brings extensive experience in plan administration and hands-on pension plan leadership to her role as president of NIPA. She began her career with The Principal(R) in 1973 as a plan administrator. In her current role as vice president of retirement and investor services, Gersie oversees the company's dynamic market segment, which serves defined contribution plans Defined contribution plan A pension plan whose sponsor is responsible only for making specified contributions into the plan on behalf of qualifying participants. Related: Defined benefit plan with $5-$25 million in assets. "At The Principal, we provide our customers with unparalleled retirement expertise and personal attention," said Gersie. "NIPA shares that dedication to excellence. I'm looking forward to serving as NIPA president and helping the organization accomplish its goals." The Principal Financial Group (www.principal.com) 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 mortgage banking through its diverse family of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. companies. More employers choose the Principal Financial Group for their 401(k) plans than any other bank, mutual fund, or insurance company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. (1). Its flagship and largest member, Principal Life Insurance Company (The Principal (R))(2), was founded in 1879. A member of the Fortune 500, the Principal Financial Group has $113.0 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. (3) and serves some 13 million customers worldwide from offices in Asia, Australia, Europe, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and the United States. (1) CFO See Chief Financial Officer. Magazine, April/May 2001, based on total plans served in 2000 by insurance companies, banks and investment firms. (2) "The Principal" is a registered trademark referring to Principal Life Insurance Company, a member of the Principal Financial Group. (3) As of March 31, 2001. |
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