Cause and effect is a fairly simple concept that can be applied to almost every decision, action, or in this case, legislative ruling. The Supreme Court’s recent decision, declaring a portion of the Defense of Marriage Act (DOMA) unconstitutional, has received much public attention. However, something that has been less discussed is the ruling’s effect on retirement plans. Read more
Yesterday’s blog post highlighted two companies that were taking action to drive success. These were just two of the hundreds of inspiring stories I have heard over the last two days. In this post, I want to highlight a couple more examples of companies taking action.
Jill and Stephanie know about sacrifice. They are both wives of active duty military members. They wanted to do something for the families of those deployed and took action to develop an on-line community for military families to connect them with businesses owned by active duty or veteran military families. This connects those families with needs to businesses that understand their situation. Their actions not only benefit military families, but have landed them on the Inc. 5000 list of fastest growing private companies. Read more
The Principal Financial Group is proud to be a presenting sponsor of the 2013 Inc. 500/5000 Conference. This premier event brings together the fastest growing privately held companies in the United States. This is my tenth year attending the event and as always, I find it truly inspiring. What these entrepreneurs have done, and will do, is simply amazing.
Although these companies span industries and geography, they have one thing in common. They realize that success is a result of taking action. Read more
In my past few blogs, I’ve been discussing some of the strategies that Defined Benefit (DB) plan sponsors can consider in order to terminate their plan. There are generally three steps a plan sponsor can take. Today, I’d like to discuss the second step – develop a funding strategy.
Step 2 – Develop a funding strategy
After a plan sponsor has an understanding of what the cost to terminate the DB plan will be, the next step is to look at the available funding strategies for achieving this.