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The Principal Financial Group and Ameripay to Provide Seamless Payroll, Retirement Plan and Financial Consulting Services.


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 -- Ameripay joins the Principal Payroll Program(SM) as a select payroll vendor

The Principal Financial Group(R) (The Principal(R)), the nation's 401(k) leader and total retirement solutions innovator, announces that Ameripay, the nation's leading independent payroll service provider, has joined the Principal Payroll Program(SM) as a select payroll vendor in Illinois and Wisconsin. The Principal Payroll Program is the first program to fully integrate the resources of three independent experts - payroll services, retirement plan administrative services and professional financial consulting - into a single, seamless package.

"Through the Principal Payroll Program, The Principal and Ameripay can help employers in Illinois and Wisconsin save time and money by automating the exchange of data between their payroll service provider and their retirement plan service provider," explains Doug Grove, regional vice president, Retirement & Investor Services-- The Principal. "Employers will also have access to an experienced financial professional who can help them choose the best retirement program for their needs--as well as provide ongoing guidance and participant education to make sure that program succeeds."

"We're extremely pleased and honored that The Principal selected Ameripay," says Steve Sarowitz, president and founder of Ameripay. "Ameripay and The Principal are an excellent fit--both in the high level of customer service we each provide and in the cutting-edge technology we use to speed processes and keep costs down."

About Ameripay

Ameripay provides full-service, PC-based payroll and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees.  solutions for over 1,800 clients, primarily in the Midwest. The company was named Payroll Service of the Year in 2003 and 2004 by the Independent Payroll Providers Association. Ameripay also was named to the 2003 and 2004 Inc. 500 List featuring America's fastest-growing privately-held companies. Headquartered in Elk Grove Village, Illinois Elk Grove Village is a municipality located in northeastern Illinois adjacent to O'Hare International Airport and the City of Chicago. Elk Grove Village encompasses 10.9 square miles in land area with 10.5 square miles located in Cook County and 0. , Ameripay is one of the top 15 payroll service providers 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. . For more information, go to www.ameripay.com.

About the Principal Financial Group

The Principal Financial Group (The Principal)(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 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. A member of the Fortune 500, the Principal Financial Group has $156.0 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. (2) and serves some 14.7 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) "The Principal Financial Group(R)" and "The Principal(R)" are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.

(2) As of September 30, 2004.
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 16, 2004
Words:453
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