The Principal announced this week that it is rolling out revised materials with fee disclosures for its plan sponsors ahead of the U.S. Department of Labor's fee disclosure deadline of April 1, 2012.

"We're going above and beyond the requirements by delivering revised disclosures to plan sponsors ahead of time in easy-to-use formats, which gives them peace of mind," said Greg Burrows, senior vice president of retirement and investor services at The Principal. "Most of our revised materials were ready last spring. We're rolling them out to plan sponsors now after spending the past several months educating them about what to expect. Our goal is to make sure sponsors understand the fees they are paying for the services they are receiving so they can fulfill their fiduciary duties."

The Principal began delivering the redesigned and streamlined fee summary to new clients in July and started unveiling it to existing clients on Nov. 1. The new summary displays the most important information on the first two pages, as requested by financial professionals and plan sponsors.

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