Burns & McDonnell has selected Principal Financial Group to provide retirement plan services, giving employees a consolidated view of accounts.
The Principal has been the employee stock ownership plan (ESOP) service provider for Kansas City-based Burns & McDonnell since 2003. Principal will now provide defined contribution 401-k plan services and enhanced ESOP plan services to the firm.
The comprehensive package of services and tools available to Burns & McDonnell plan participants includes online account information and education through the web site, easy-to-understand total retirement statements that feature a consolidated view of all retirement plans with services through The Principal, on-site investment education and retirement planning seminars, toll-free access to retirement specialists, rollover assistance and the quarterly magazine Plan Ahead Get Ahead.
Paul Brown, vice president of retirement and investor services at The Principal, said: We are delighted that Burns & McDonnell chose The Principal for our retirement and technological expertise in helping their participants save for a more secure retirement.