Principal Financial Group To Acquire Its Employee Stock Ownership Plan Business From Ascensus; Principal To Add ~800 Plans And More Than 165,000 Participants To Its Workplace Savings And Retirement Solutions Business; Financial Terms Not Disclosed
Principal Financial Group To Acquire Its Employee Stock Ownership Plan Business From Ascensus; Principal To Add ~800 Plans And More Than 165,000 Participants To Its Workplace Savings And Retirement Solutions Business; Financial Terms Not Disclosed
Through this acquisition, Principal will gain full ownership of the ESOP recordkeeping business from Ascensus, along with its ESOP Economics consulting group and Telescope software. All products, clients, and employees will transition to Principal at the time of close, which is anticipated around the end of the second quarter of 2024. As Ascensus ESOP clients and participants are transitioned, they will be exposed to enhancements on the Principal recordkeeping platform such as digital access, support, and account management tools as well as audit process improvements to reduce time.
通過此次收購，Principal將從Ascensus手中獲得ESOP記錄保存業務的全部所有權，以及其ESOP經濟諮詢小組和望遠鏡軟件。所有產品、客戶和員工將在收盤時過渡到Principal，預計將在2024年第二季度末左右。隨着Ascensus ESOP客戶和參與者的過渡，他們將面臨Principal記錄保存平台上的增強功能，例如數字訪問、支持和賬戶管理工具，以及審計流程改進以縮短時間。
譯文內容由第三人軟體翻譯。