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Wellmark selects Principal as its retirement and income plan provider


Principal Financial Group announced it has been selected by Wellmark as its retirement and income plan provider. Principal will help Wellmark to continue to provide its 1,800 employees in Iowa and South Dakota with tools and resources to focus on their financial health goals. “Finding the right provider to deliver a key employee benefit is essential to attract and retain a talented workforce,” said Cory Harris, president and CEO of Wellmark. “We are excited to work with Principal, a company that shares our deep Iowa roots while bringing world-class expertise and service to our retirement offerings for current and future employees.” Through its integrated offerings and services, Principal will provide defined contribution, defined benefit and nonqualified deferred compensation services customized to help improve retirement saving outcomes. “We are thrilled to be partnering with this company that has done so much good for communities in the states of Iowa and South Dakota,” said Dan Houston, chairman, president and CEO of Principal. “We look forward to helping Wellmark employees feel more secure in their retirement planning and overall financial well-being.”

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