Quixote Selects The Principal Financial Group To Provide Retirement Solutions.DES MOINES, Iowa “Des Moines” redirects here. For other uses, see Des Moines (disambiguation). Des Moines (pronounced /dɪˈmɔɪn/ in English, -- The Principal Financial Group(R), the nation's 401(k) leader and total retirement solutions innovator, announced it was selected to provide retirement plan solutions for Quixote Corporation, effective December 15, 2005. Quixote is the world's leading manufacturer of transportation safety products and services. The Quixote retirement plan includes more than $22 million in transfer assets in their defined contribution plan 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 and serves approximately 900 participants. After an extensive search for qualified 401(k) service providers, Quixote approved the collaboration of the MHK MHK Mohawk Industries (stock symbol) MHK Merkez Hakem Komitesi (Central Referee Committee, Turkey) MHK Manhattan, KS, USA - Manhattan Municipal (Airport Code) Group at Morgan Stanley and the Principal Financial Group. Under the direction of Senior partner Roger McDowell, vice president and retirement planning specialist, the MHK Group will act as advisors to the Quixote Management Team as well as the employees. "We selected The Principal for our retirement plan services because they could offer so much to our participants," said Dottie French, Corporate Benefits Manager at Quixote. "They have the tools to help us establish a solid communication strategy - reinforced by technology that helps participants manage their accounts and make sound investment decisions. Plus they offer a greater array of investment choices at a competitive cost." Renee Schaaf, vice president of Retirement and Investor Services at The Principal, added, "Experience shows that many plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. are still uneasy about making investment elections, and once doing so, a majority seldom, if ever, change 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. to keep pace with changing life stages and circumstances. Quixote demonstrates its commitment to making those decisions easier for participants by including the Principal Lifetime portfolios and the Principal Managed Accounts Program(SM), as part of their robust investment lineup." The Quixote retirement savings plans offer participants open access to a wide variety of investment options, managed by several leading investment managers including Principal Global Investors, Inc. the asset management arm of The Principal. The Principal is a nationally recognized leader in total retirement solutions serving approximately 45,000 employer plan sponsors and more than 3 million plan participants. The Principal, a recognized leader in consulting services, also will assist in providing extensive compliance and plan design expertise. Plan participants will receive the latest tools including: online account information and education through an award-winning website, The Principal Retirement Service Center(R) (www.principal.com)(1), interactive educational and asset allocation tools, Morningstar investment information, easy-to-understand participant statements, on-site investment education and retirement planning seminars, toll-free counseling, rollover A graphic element in an application or on a Web page that changes its color or shape when the pointer is moved (rolled) over it. See JavaScript rollover. See also n-key rollover. assistance, and the quarterly award winning magazine Plan Ahead. Get Ahead(R)(2). About Quixote Quixote Corporation is the world's leading developer and manufacturer of energy-absorbing highway crash cushions, electronic wireless sensing and measuring devices, weather forecasting stations, computerized highway advisory radio To read about HAR in biology, see human accelerated regions. Highway advisory radio (HAR), sometimes also called travelers' information stations (TIS , intelligent intersection control systems, mobile and permanent electronic variable message signs, flexible post delineators and other transportation safety products and services. Since 1969 it is estimated that its crash cushions have saved over 50,000 lives worldwide and prevented countless injuries. About the Principal Financial Group The Principal Financial Group(R) (The Principal (R))(3) 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. (4) 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 Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors 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) Awarded Dalbar Communication Seal of Excellence 2005 (2) Insurance and Financial Communicators Awards (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 ) Competition 2005 (3) "The Principal Financial Group" and "The Principal" are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group. (4) As of September 30, 2005 Insurance products and plan administrative services are provided by Principal Life Insurance Company, a member of the Principal Financial Group, Des Moines, IA 50392. #346012008 |
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