MANAGING INVESTMENT INFORMATION

We’re dedicated to providing secure, efficient, and timely support for managing the plan investment needs.

COMPANY STOCK

Principal has created an automated trading platform for publicly traded stock to send trading information electronically between all parties that handle the trading.  This allows us the ability to provide trade plus one day (T+1) settlement for share accounting clients; the industry standard is trade plus 2 days (T+2).  We also can offer up to 7 intraday trading times per day starting at 8:20 a.m. through 2 p.m. CT.   

Your Relationship Manager (RM) has worked with you to determine the best intraday trading time for your plan, understanding the need for flexibility to meet your plan needs.  

In addition, we also support clients who have privately held stock within the plan.

SECTION 16/INSIDER

Principal has created a solution to help our clients enforce trading restrictions and/or identify trades that may require reporting trade activity for Section 16 employees to the Securities Exchange Commission (SEC). 

When coded as Section 16 or Insider and Trade Not Allowed, the following stock transactions are not allowed:

  • Transfers to and from stock 
  • Changes to the investment election percent allocated to stock for future contributions 
  • Loan Payouts 
  • Withdrawals  

PROXY FILES

As the recordkeeper, we’re responsible for providing the share position report of each participant’s holdings. This report is shared with the transfer agent or vendor that handles the mailing and tabulation services for you.  Principal needs to have advance notice of the record date for the annual meeting so we can order the report timely to meet your timing needs each year.  

As the recordkeeper, we’re responsible for providing the share position report of each participant’s holdings. This report is shared with the transfer agent or vendor that handles the mailing and tabulation services for you.  Principal needs to have advance notice of the record date for the annual meeting so we can order the report timely to meet your timing needs each year.