The Principal Financial Group announced today the launch of Principal Professional Link, a new service program for third party administrators (TPAs) to jointly offer unbundled retirement plan services to clients together with Principal.

With the new program, TPAs would decide which service package is best for their clients, and would choose among the different services Principal offers including investment management, enrollment services, participant-level record keeping and complete plan member services. TPAs engaging in the program would have to provide plan design and document services, allocation calculation, compliance testing and reporting services, according to the company.

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