Executive Compensation
The leader of the executive comp team.
Who is Beth Martindale?
The analyst who provides support to the Principal Global Asset Management business segment.
Who is Mike Ciriaco?
An incentive that is paid as a percentage of the sales amount.
What is a commission?
This leader of the Benefits Administration Team shares his/her first name with that of a Pearl Jam song (circa 1992).
Who is Jeremy Thede?
Employee base salary divided by 50th reference point of job.
What is Compa-Ratio?
The abbreviation for our compensation component that rewards long term performance.
What is LTIP?
The vendor who provides recordkeeping services of PFG stock and deferred cash based awards.
Who is Morgan Stanley?
The committee that has authority to approve new or modified sales incentive plans for a business unit.
What is a Distribution Compensation Committee?
This “work perk” was only around for a short time in the early 2000’s, but continues to come up on surveys as something that is greatly missed.
What is Free Drink Monday?
The process of gathering data to make decisions about how much to pay for a job
What is market pricing?
This group is accountable for compensation decisions impacting Senior Vice Presidents an above.
Who is the HR Committee of the Board of directors?
A pool-based incentive plan based on pre-tax pre-bonus profit.
What is a Profit Share Plan?
A document that outlines the detailed rules, terms and conditions of an incentive.
What is an incentive plan document?
If you are at least 57 years old and have at least 10 years of service with the Principal Financial Group, AND are classified as a full-time employee or part-time employee …you are eligible for this.
What is retirement?
The Design and implementation of pay programs to attract, retain and reward employees possessing the skills and experience to perform successfully. Programs are designed and governed to support the Global Human Resources' strategy and to align with the goals of Principal and its shareholders.
What is the global pay philosophy?
Dan Houston, Deanna Strable, Nora Everett, Terry Lillis, Jim McCaughan and Luis Valdes
Who are the Named Executive Officers in our 2018 Proxy Statement?
The long-term award vehicle that aligns individual interests and contributions with client’s interests and performance objectives.
What is co-investment (fund deferral would be acceptable as well)?
A review of the risks and controls that exist in relation to a specific incentive plan.
What is an incentive risk assessment?
The acronym for the group responsible for the operation and administration of the ERISA plans sponsored by Principal Life and Principal Financial Group.
What is BPAC?
A federal law that provides guidelines for what types of jobs must be classified as Nonexempt.
What is the Fair Labor Standards Act?
The modeling method used to value Stock Options when they are granted.
What is the Black-Scholes method?
The FX currency conversion approach commonly used to convert USD based awards to local currency when they are paid out.
What is 90-day average?
The total number of employee incentive plans in place across the breadth of Principal.
What is 110?
A plan (like ours) in which the employer takes on the financial risk of providing certain healthcare benefits to his or her employees.
What is self-funded?
The third emoji from the left in the top row of a Skype chat window at Principal.
What is the "Big Smile" emoji?