Wells Real Estate Funds Selected Among Best in the Nation for Benefits.Judges Name Norcross Firm as One of "The Principal 10 Best Companies for Employee Financial Security" Leo Leo, in astronomy Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. Wells: "Great Benefits Attract Great People" DES MOINES, Iowa “Des Moines” redirects here. For other uses, see Des Moines (disambiguation). Des Moines (pronounced /dɪˈmɔɪn/ in English, -- Wells Real Estate Funds, Inc., a national real estate investment company based in metro Atlanta, has been named one of the 2006 winners of The Principal[R] 10 Best Companies for Employee Financial Security. An independent judging panel of business leaders and employee benefits experts selected Wells Real Estate Funds for its dedication to its employees as demonstrated by its outstanding package of employee benefits, noting in particular the real estate company's commitment to health care insurance, wellness programs and retirement savings. The nationwide program, sponsored by the Principal Financial Group, recognizes growing companies (between five and 1,000 employees) that excel at Verb 1. excel at - be good at; "She shines at math" shine at excel, surpass, stand out - distinguish oneself; "She excelled in math" contributing to their employees' long-term financial security, particularly through employee benefits programs. "At a time when many employers are challenged to maintain strong employee benefits, Wells Real Estate Funds has gone the extra mile to give its employees an edge on their financial futures financial futures Obligations to buy or sell particular positions in financial instruments. The features of financial futures are identical to those of any futures contract except that the asset for delivery is of a financial nature. ," said Renee Schaaf, vice president at the Principal Financial Group. "Wells Real Estate Funds stood out among the competition and is a role model for providing the very best in employee benefits." Wells' commitment to its approximately 400 employees has enabled it to implement a benefits program that is well aligned with employee needs. "We have worked to make sure we have great benefits. Great benefits attract great people. When you end up with great people, you end up with a great company," said Leo Wells, president and founder of Wells Real Estate Funds. "Being recognized as one of The Principal 10 Best Companies makes me feel like we've accomplished what we set out to do." A summary of best practices gleaned from Wells Real Estate Funds and other winners will be published in a Best Practices Guide available in January 2007 at www.principal.com. "Wells Real Estate Funds has a fantastic holistic approach holistic approach A term used in alternative health for a philosophical approach to health care, in which the entire Pt is evaluated and treated. See Alternative medicine, Holistic medicine. to helping their employees with their financial security," said Nancy Ayres, general manager, Clipper Belt Lacer Company, a 2005 winner of The Principal 10 Best and judging panel member. "In addition to a very strong 401(k), Wells is one of the few employers anymore that we found that paid 100 percent of the employee and dependent medical premiums. They also have a very strong wellness program and they include the spouses in many of their programs." Also among The Principal 10 Best CompaniesCo2006 are: Argon St Wikipedia is not the place for advertisement or self-advertising. Argon ST (NASDAQ: STST) is a rapidly growing systems engineering and development company headquarted in Fairfax, VA providing full-service C4ISR (command, control, communications, computers, . Fairfax, Va.; Central Iowa Power Cooperative, Cedar Rapids Cedar Rapids, city (1990 pop. 108,751), seat of Linn co., E central Iowa, on the Cedar River; inc. as a city 1856. The second largest city in Iowa, it is named for the surging rapids in the river. , Iowa; ITAGroup. Inc., West Des Moines, Iowa West Des Moines is a city in Polk, Dallas, and Warren counties in the U.S. state of Iowa. As of the 2000 census, the city population was 46,403; a special census taken in the spring of 2005 counted 51,744 residents. ; Eastern Financial Florida Credit Union, Miramar, Fla.; GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) Federal Credit Union, Tampa, Fla.; Howalt-McDowell Insurance, Inc., Sioux Falls, S.D.; McNaughton & Gunn, Saline, Mich.; Michigan Farm Bureau The Michigan Farm Bureau was founded on the campus of Michigan State University in 1919. The organization's primary goal is to promote and represent the interests of its agricultural members within the state of Michigan. Family of Companies, Lansing, Mich.; and West Bend Mutual Insurance Company, West Bend, Wis. A distinguished judging panel of business leaders and employee benefit experts worked with Mathew Greenwald & Associates, a premier market research company, to choose the winners. The names of the entrants were shielded from the judges until after they selected their winners. The program judges included: Dallas L. Salisbury, president/CEO, Employee Benefit Research Institute; David Wray, president, Profit Sharing/401(k) Council of America; Nevin E. Adams, editor-in-chief, PLANSPONSOR Magazine; Karen Ignani, president & 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. , America's Health Insurance Plans; Corey Rosen, executive director, National Center for Employee Ownership; Nancy Ayres, general manager, Clipper Belt Lacer Company; Dan McCarthy, Consulting Actuary, Milliman USA; Jeffrey McAulay, vice president, Moran Towing. The Principal 10 Best Companies for Employee Financial Security is a nationwide program that recognizes growing companies that excel, particularly through employee benefits, at contributing to their employees' financial futures and sense of financial security. Entry forms for the 2007 recognition program will be available at www.principal.com February 1, 2007. About Wells Real Estate Funds Founded in 1984, Wells Real Estate Funds is a national real estate investment company. More than 200,000 people have invested in Wells-sponsored investment programs through their financial representatives. Collectively, these programs own more than $7.5 billion in assets totaling more than 38 million square feet of space. For more information, see www.wellsref.com. Benefit highlights: * 100 percent employer-paid medical insurance premiums for employees and dependents * 401(k) plan with a 100 percent match up to 11 percent deferred (after gradual increases during the first four years of service); average employee deferral of 11 percent * 100 percent employer-paid premiums for long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. insurance * 100 percent employer-paid premiums for short-term and long-term disability insurance 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 and national network of financial professionals. A member of the Fortune 500, the Principal Financial Group has $206.0 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. 2and serves some 16.3 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. This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including discussions regarding Wells' use of proceeds and certain other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include changes in general economic conditions, changes in real estate conditions, construction delays, increases in interest rates, lease-up risks, lack of availability of financing, and lack of availability of capital proceeds. EDITORS NOTE: News media are invited to attend an award ceremony with Wells and The Principal at 3 p.m. on Oct. 24 at the Atlanta Athletic Club The Atlanta Athletic Club, (AAC), founded in 1898, is a world-renowned private athletic club in Duluth, Georgia, a suburb 23 miles north of Atlanta, Georgia. The original home of the club was a 10-story building located on Carnegie Way, and in 1904 a golf course was built on . 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 June 30, 2006 |
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