Simplifying retirement plans for members

Male veterinarian smiling while holding a dog at his clinic.

Having a PSIvet membership means you get access to a top tier retirement plan service provider1 and a financial professional.

By working with Principal® and a financial professional like Darby Affeldt, DVM, RICP® with North Star Resource Group, each can help you explore simpler retirement plans that can be set up quickly. And if your practice grows, there is a wide range of retirement plan products that are flexible enough that can grow with you. 

Want to explore on your own? 

Check out these retirement plan options.

Questions? Need more guidance? 

Connect with a financial professional.

Not a PSIvet member yet?

Learn about PSIvet's member benefits.

Retirement plan solutions to help attract and retain top talent

With increased employee turnover in the past 12 months, more and more employers are revisiting employee benefit offerings to improve workforce retention and productivity, despite tight budgets. And when they do, they rank affordability and employee retention as key concerns. As a leader in total retirement solutions1, Principal and your financial professional understand you and want to help meet your goals to attract top talent and take care of your employees. An added bonus? By setting up a retirement plan, you can get tax credits to help offset your first three years of plan startup costs.2

Woman veterinarian holding a cat during a check-up appointment.
Woman and her dog relaxing on a couch while reviewing simplified retirement plan options by Principal.

Scalable retirement plan options

No matter the size of your practice, we’ve got a solution that can help. Check out what’s available below to see what might work for you.

An all-digital and cost-effective 401(k) may help a practice just getting started with offering a retirement plan. Explore Simply Retirement by Principal® or start your plan today.

A pooled employer plan (PEP) can help you save time and simplify plan administration for your practice. Discover Principal® EASE.

Customize your retirement plan with a range of plan design and investment options. Read more about how solutions at Principal can help your employees plan for retirement.

Image of Darby Affeldt, a financial professional with veterinary experience.

Have questions? Talk to a financial professional with veterinary experience.

Principal® with PSIvet includes the services of a dedicated financial professional who's available to help you navigate the process. Reach out for questions on these options and more.
Darby Affeldt, DVM, RICP®
Darby is a registered representative and investment advisor representative of CRI Securities, LLC and Securian Financial Services, Inc. 2721349/DOFU 10-2019
1 PLANSPONSOR Recordkeeping Survey, July 2020, Defined Contribution, total number of participants. Principal and Wells Fargo IRS combined data. Future market share is subject to change and won’t be updated until next release of application data. Also based on total number of, ESOP, and Section 409A NQ plans. PLANSPONSOR Defined Benefit Administration Survey, May 2020. Ranking is based on total number of DB plans.

2 50% of the qualified startup costs paid or incurred, but limited to the greater of (1) $500 or (2) the lesser of (a) $250 for each non-highly compensated employee who is eligible to participate in the plan or (b) $5,000. Qualified startup costs (1) In general “qualified startup costs” is ordinary and necessary expenses of an eligible employer which are paid or incurred in connection with -- (i) the establishment or administration of an eligible employer plan, or (ii) the retirement-related education of employees with respect to such plan. (2) Plan must have at least 1 participant: would not apply if plan does not have at least 1 employee eligible to participate who is not a highly compensated employee. Information about the SECURE Act is educational only and provided with the understanding that Principal® is not rendering legal, accounting, investment advice or tax advice. You should consult with appropriate counsel or other financial professionals on all matters pertaining to legal, tax, investment or accounting obligations and requirements.

Simply Retirement by Principal® 401(k) plan recordkeeping, and administrative services are provided through Decimal, Inc. dba Ubiquity Retirement + Savings (“Ubiquity”). Ubiquity is not affiliated with any plan and investment administrative services provided through Principal Life Insurance Co. or affiliated with any company of the Principal Financial Group®. Principal makes available the investment options for customers to select through Simply Retirement by Principal. All other services are provided by service providers not affiliated with any company of the Principal Financial Group. Refer to related documents and agreements for more details on plan services available.

Darby Affeldt and North Star Resource Group are not affiliated with any member of the Principal Financial Group.