Asking about retirement plan vendor

[Bob the Swimmer]

 

I am a 48+ year consulting veteran (who holds all of you in high esteem ) who, as part of my community service, heads a small NFP Benefits Committee for the past 10 years that is going out for RFP again this month for TPA and related services for our small 401(k) plan.  I have several friends who have already weighed in on Principal's services for the smaller plan market, but wondered what your experience(s) are. I hold Principal in high regard as a company, yet have both pros and cons for small plan administration so am interested in anything down to the finest detail that you want to share (fees, communications, etc.). Please don't hold anything back both pro and con--- feel free to write me at rjones5335@aol.com in confidence. Principal would partner with another vendor in this endeavor. BTW, we are not unhappy with our current service providers, but are following reasonable Committee's protocols to go out to bid every 3-4 years. And over the years, in my days (1985-2000) at one of the Big Four in National Tax in DC, several of our talented lawyers around the country left to join Principal's staff and seemed to prosper there. 

 

Thank you !  

 

Be safe.

 

BOB