Principal Financial Group Inc · NASDAQ:PFG
Principal Financial — Investor Presentation (September 2023)
16 slides from Principal Financial's investor presentation, September 2023
Slide 1: Scholar's Edge 529 Plan: Dream. Learn. Save.
Scholar’s Edge 529 Plan Dream. Learn. Save. For parents Investment management by: 1 •Scholar’s Scholar’sEdge Edge is 529 plan by The Education Trust Board of New Mexico offered
Slide 2: The benefits of education
The benefits of education Studies show the higher the level of education achieved, the higher the median salary earned and lower the unemployment rate. Education correlated with lower unemployment, higher salary Median salary 15.0% 15.0% Unemployment rate $108,316 $108,160 12.5%12.5% $86,372 Unemplo
Slide 3: A rising bar: Education costs continue to increase
A rising bar: Education costs continue to increase Average annual undergraduate college cost* (past 10 years): public vs. private All Institutions Public Private $50,000 $45,920 $40,000 $30,000 $25,910 $20,000 $19,374 $10,000 $0 09/10. 10/11. 11/12. 12/13. 13/14. 14/15. 15/16. 16/17. 17/18. 18/19. 1
Slide 4: The education savings gap
The education savings gap People tend to underestimate how much they need to save for higher education expenses What parents expect they've covered: What parents actually cover: 30% of total future college costs 10% of actual college costs saved* Source: Educationdata.org college savings statistics
Slide 5: Access to financial aid is getting harder to come by
Access to financial aid is getting harder to come by The pool of available financial aid is decreasing Total financial aid awarded nationwide (Undergraduate students) 1.2 250 $223B $217B $215B $211B $186B $204B $203 $198 1 $195 $184 200 $174 0.8 150 0.6 100 0.4 50 0.2 0 0 2011-2012 2012-2013 2013-20
Slide 6: What is a 529 plan?
What is a 529 plan? A 529 plan is a tax-advantaged savings vehicle within the United States designed to save for future higher education expenses for a specified beneficiary. 6 • Scholar’s Edge 529 plan
Slide 7: A truly flexible savings vehicle
A truly flexible savings vehicle Features of a 529 plan Tax benefits Gifting and Withdrawals Availability Earnings grow tax- estate planning Proceeds can be used Anyone can open, deferred and qualified Contribute up to $17,000 at eligible institutions regardless of income withdrawals are tax-free pe
Slide 8: Learn how your savings can potentially grow
Learn how your savings can potentially grow The compounding effect of 529 tax benefits Taxable savings account vs. 529 savings EXAMPLE: Two families invested differently. Family A Taxable savings account 529 savings plan opened a taxable savings account while Family B invested in a 529 plan. $63,495
Slide 9: Even more flexibility – no longer just for college
Even more flexibility – no longer just for college Families can now use their 529 plans to: • Repay up to $10,000 (lifetime) in qualified student loans, under the Secure Act of 2019. • Cover up to $10,000 per student per year for K-12 tuition, under the Tax Cuts and Jobs Act of 2018. • Move assets t
Slide 10: No matter your educational path, a 529 Plan can help
No matter your educational path, a 529 Plan can help 529 plan withdrawals can help cover a wide range of education-related expenses: COLLEGE TUITION K-12 VOCATIONAL/ STUDENT TRADE LOAN DEBT POST-COLLEGE ROOM AND OFF-CAMPUS BOOKS, EQUIPMENT, EDUCATION BOARD HOUSING TECHNOLOGY, INTERNET, ETC. Withdraw
Slide 11: Actively invested. Principal Asset Management
Actively invested. Principal Asset Management As a global leader in asset management, we are focused on harnessing the potential of every opportunity to secure an advantage for our clients. ABOUT PRINCIPAL ASSET MANAGEMENT $525.2B AUM 23rd largest manager of worldwide institutional assets.1 11-year
Slide 12: Why Scholar's Edge?
Why Scholar’s Edge? Making brighter tomorrows a reality through smarter choices for education savings Legacy of Smarter outcomes Committed creating brighter through choice, value, and dedicated tomorrows and peace of mind partner • Deep asset allocation • Comprehensive range of • An ideal opportunit
Slide 13: Smarter outcomes through portfolio options
Smarter outcomes through portfolio options Multi-asset, multi-manager strategies combining the advantages of active management and the cost savings of passive management 11 4 15 Year of enrollment portfolios Target risk portfolios Individual portfolios Designed for those beneficiaries who are Provid
Slide 14: Dream. Learn. Save. Start today.
Dream. Learn. Save. Start today. Any questions? Investment management by: 14 • Scholar’s Edge 529 plan
Slide 15: Disclosures
Disclosures Scholar's Edge® (“Scholar’s Edge” or the “Plan”) is operated as a qualified tuition program offered and sponsored by The Education Trust Board of New Mexico (the “Board”) and is available to all U.S. residents. Ascensus College Savings Recordkeeping Services, LLC is the Program Manager f
Slide 16: Disclosures
Disclosures Principal Global Investors leads global asset management at Principal® and includes the asset management operations of the following members of Principal®: Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Principal Real Estate Europe Limited and its affiliates; Spec
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