Principal Asset Management Winner

As of January 2023, Principal Asset Management’s pension risk transfer business had served more than 5,100 defined benefit plan sponsors across a range of industries, according to the manager’s website.

“Principal has a long history of developing unique solutions to help clients better meet their needs,” says Shelby Adams, associate director of institutional sales at Principal Asset Management. “Our innovations are made with the customer in mind and helping them better manage their pension plans and risks while providing an exceptional participant experience.”

Adams says Principal has made continued investments in its Complete Pension Solutions businesses. In 2019, when the system launched, PLANSPONSOR, a sister publication of CIO, reported that the system “provides a technology-driven approach to pension risk management that can be tailored for individual plan needs alongside what the company says is a first-of-its-kind annuity quote commitment to ensure plan sponsors can consider transferring risk to Principal when the time may be right for their plan.”

Adams says Principal has since enhanced the experience for plan participants and plan sponsors.

“We continue to serve the most complex transactions that many other PRT providers decline,” she says. “We have made specific investments in our capabilities and automation of benefit quotes for nonretired participants.”

Finalists

• Agilis
• Athene