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Des Moines skyline showing Principal Financial building Renee Schaaf, president of Retirement & Income Solutions at Principal, said the acquisition resulted only after exhaustive due diligence, and that the integration process, too, will be methodical. (Photo: Shutterstock)

The Principal Financial Group will take the next 18 months to fully onboard the 401(k) retirement plans it’s acquired with the purchase of Wells Fargo & Co.’s Institutional Retirement and Trust business, which closed Tuesday for $1.2 billion.

Nick Thornton

BenefitsPRO

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