REMINDER/Recent Legislation Impacts All Nonqualified Plans - The Princ

    Assignment Desks/News Editors
    REMINDER...for Thursday (Feb. 3)

    --(BUSINESS WIRE)--

WHAT: A live "telenews" conference will be held, in which experts on nonqualified deferred compensation plans will provide detail on what the recently passed American Jobs Creation Act and subsequent guidance will mean to brokers and marketers of the plans, as well as the impact the legislation will have on clients. There will be time for questions immediately following the speakers' comments.

"This legislation creates a new set of rules for companies that offer nonqualified deferred compensation plans to their executives. The good news is that the law provides some clarity to the topic and tremendous opportunities for executive benefit planning," notes Mark West, director of Advanced Solutions for the Principal Financial Group and leader of the teleconference. "It is important for all companies to review their nonqualified deferred compensation plans during 2005 and make appropriate changes to insure compliance with the new rules."

WHO: The call will be lead by key spokespersons for the Principal Financial Group(R) - the nation's 401(k) leader and the second largest provider of nonqualified plans in the United States - including:

Mark West - As the Director of Advanced Solutions for the Principal Financial Group, West specializes in executive benefit planning, business succession and estate planning. He consults with the company's field force and clients' professional advisors on plan design and tax and legal issues related to executive benefits, business succession and estate planning. West is a frequent speaker and author on topics related to tax, executive benefits, estate and business planning.

Blaine Laverick - Exclusively focused on working with companies to design, implement, finance and provide Internet-based plan-level administration services for selected nonqualified deferred compensation programs, Laverick currently acts as Senior Vice President of Sales and Marketing for Executive Benefit Services, member company of the Principal Financial Group. He has more than twenty years of experience working directly with employers on their qualified and nonqualified retirement plans and other employee benefits.

WHEN: Thursday, Feb. 3, 12:00 p.m. (noon) Eastern

WHERE: Members of the media interested in listening in to the teleconference should dial: 888-592-9605. The pass code is MEDIA, and the leader's name is Mark. For security reasons, the pass code and leader's name will be required to join this call.

There will be an opportunity for questions after the speakers' comments.

    Media inquiries should be directed to Rhonda Clark-Leyda, 515-247-6634, clark-leyda.Rhonda@principal.com.

--30--SH/ms*

CONTACT: The Principal Financial Group Rhonda Clark-Leyda, 515-247-6634 clark-leyda.Rhonda@principal.com

KEYWORD: IOWA INDUSTRY KEYWORD: LEGAL/LAW INSURANCE GOVERNMENT BANKING REMINDER SOURCE: The Principal Financial Group

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