Principal Financial Group has announced an expansion of the Principal Featured Partner Program to support private market strategies within retirement plans, helping plan sponsors and financial professionals pursue broader diversification and long-term retirement outcomes for participants.
By expanding access to private markets, Principal is helping plan sponsors evaluate how these strategies may fit within defined contribution plans in a thoughtful, measured way. The enhanced program will support private market exposure as one component within professionally designed and managed investment products and services, with continued focus on participant suitability, fiduciary oversight, liquidity and ongoing monitoring.
Principal plans to collaborate with asset managers, trust companies and fiduciaries to launch a suite of collective investment trusts (CITs) for U.S. retirement plans that combine public and private strategies. Through the program, investment managers can use
