NU Online News Service, Aug. 27, 11:35 a.m. – The Principal Financial Group Inc., Des Moines, Iowa, has introduced the Principal Executive Bonus Plus savings program.
The program does not qualify for the federal tax breaks given to ordinary, broad-based retirement savings plans, but it gives employers a special savings vehicle they can offer to their most valuable employees.
Participating employees can use the program to put after-tax income in life insurance policies, mutual funds or annuities.
