An ESOP leader you can rely on

Effective July 1, 2024, Principal® closed the acquisition of the Ascensus® employee stock ownership plan (ESOP) business, including the ESOP Economics consulting group and its proprietary software, TelescopeTM , and ESOP Navigator.

As the nation’s #1 ESOP recordkeeper1, we are truly excited to welcome Ascensus ESOP, ESOP Economics, and ESOP Navigator clients to our platform. We look forward to sharing our expertise, technology, and innovation in support of your ESOP experience.

  • Retirement is at the heart of what we do. We are committed to ensuring you benefit from more choice, support, and solutions to achieve your goals.
  • This acquisition enables us to offer even greater value, stronger offerings, and enhanced services.
  • You can expect ease of doing business through more digital access, management of their accounts, and reduced time in the audit process.

We anticipate minimal disruption during the expected 12-18 month transition period. For now, it’s business as usual. Continue to work with your representatives as you do today. ESOP Economics, Telescope, and ESOP Navigator will continue to be supported and offered on an ongoing basis.

To learn more about ESOP solutions at Principal , visit ESOPS at Principal.

1Based on number of plans, PLANSPONSOR Recordkeeping Survey, July 2023.

Financial professional reviewing information gathered from using Principal's ESOP assessment tool to determine if an ESOP was the right fit for their client's succession planning needs.