Helping Nonprofits Ease Into Daunting New Reporting Requirements

DES MOINES, Iowa, April 15, 2009 — Non-profit employers who sponsor 403(b) retirement plans have their work cut out for them. In 2010 they’ll face rigorous new reporting requirements including submitting a full Form 55001 and, for larger plans, an independent plan audit.

The Principal Financial Group® is giving them a practice run by sending expanded Form 5500 packets now, along with life count and audit packages, to make the transition to the new reporting requirements easier.