Disclosures
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 Company, or affiliated with any company of the Principal Financial Group®. Principal makes available a collective investment trust and a mutual fund for customers to select through Simply Retirement by Principal®. All other services and mutual funds 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.
Mutual fund, separate account and collective investment trust trade instructions are processed by Matrix Settlement & Clearance Services, LLC through the NSCC Membership of its affiliate, Matrix Trust Company.
Simply Retirement by Principal® requires a client service agreement between Ubiquity and the plan sponsor (Customer). In addition to and as part of the services, each Customer will sign separate agreements with the following parties: (i) custodian and (ii) 3(38) investment manager. Simply Retirement by Principal services, costs and resources are subject to change.
Investment advisory services are offered through OneDigital Investment Advisors LLC., an SEC-registered investment adviser and wholly owned subsidiary of OneDigital. Please note the other companies referenced on this website are separate entities from OneDigital Investment Advisors and are not authorized to provide, and do not provide, investment advisory or securities brokerage services.
Investment disclosures
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.
Asset allocation and diversification does not ensure a profit or protect against a loss. Equity investment options involve greater risk, including heightened volatility, than fixed-income investment options. Fixed- income investments are subject to interest rate risk; as interest rates rise their value will decline. International and global investinginvolves greater risks such as currency fluctuations, political/social instability and differing accounting standards. These risks are magnified in emerging markets. Fixed-income and asset allocation investment options that invest in mortgage securities are subject to increased risk due to real estate exposure. Small and mid-cap stocks may have additional risks including greater price volatility. The performance and risks of a fund of funds directly correspond to the performance and risks of the underlying funds in which the fund invests.
There is no guarantee that a target date investment will provide adequate income at or through retirement. A target date fund’s (TDF) glide path is typically set to align with a retirement age of 65, which may be your plan’s normal retirement date (NRD). If your plan’s NRD/age is different, the plan may default you to a TDF based on the plan’s NRD/Age. Participants may choose a TDF that does not match the plan’s intended retirement date but instead aligns more to their investment risk. Compare the different TDF’s to see how the mix of investments shift based on the TDF glide path.
Information provided on the websites regarding our products and services is not intended to take the place of our agreements governing our products and services, or our disclosures made in accordance with federal and state law.
Additionally, this information does not take the place of any legally required disclosures for any products or services offered by any of the member companies of Principal.
Ubiquity Retirement + Savings®, OneDigital and Surety Bonds Direct are not affiliates of any company of the Principal Financial Group.
Mutual funds and other securities are not insured by the FDIC, have no bank guarantee, involve risk, and may lose value.
