Principal Financial Group and Powerpay.com formed Power(k) Retirement...

Principal Financial Group and Powerpay.com formed Power(k) Retirement Solutions, to provide payroll and retirement plan contribution services online. Power(k) is targeting companies with 200 or fewer employees and is immediately available for retirement plans with effective dates starting Jan 1. Principal has 45,000 clients that will be able to start using this service. Current Powerpay.com clients will be able to use Principal as their 401(k) service provider.