A new retirement planning tool from the Principal Financial Group is aimed at helping plan participants manage, visualize and plan for their retirement savings goals.
The Retirement Wellness Planner is a tool that includes a range of features — including interactive sliders, intuitive prompts and a real-time savings graph that focuses on monthly income in retirement and how long that income may last — and is one part of the Principal's goal of helping plan participants take better advantage of their plans through better education, simplified procedures for account management and other services.
Participants can take actions — such as increasing deferrals — from within the planner, without having to leave for another site.
Recommended For You
The planner includes detailed, participant-specific attributes such as desired retirement age, employer match, salary and Social Security assumptions. Users can adjust their inputs to immediately see how changes in any of these would impact their monthly retirement income.
The planner also incorporates the Principal's retirement wellness score, a feature that represents the percentage of a participant's preretirement income that they are able to maintain at retirement, ranging from zero percent to 100+ percent. The score is embedded in an intuitive, color-coded band that represents different ranges of income replacement.
In addition, for participants with plans administered by the Principal, the planner is prepopulated with participant-specific information. A public version of the planner, where users enter their own information, is also available.
The Principal's planner is part of its mobile-friendly digital experience, with refreshed design and functionality that are is based on feedback from participants, plan sponsors, advisors and experts in behavioral finance and digital design.
"Personalization of the online experience is where we can deliver the greatest value to our participants," said Jerry Patterson, senior vice president of retirement and investor services at the Principal, in a statement. "We want users to quickly and easily see how adjusting their own specific inputs can help boost their financial security in retirement."
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
