SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that Principal Financial Group has selected SS&C Retirement Solutions to support connectivity and administration for its growing retirement income suite. Principal will use SS&C‘s Retirement Income Clearing & Calculation (RICC) platform to help support distribution across a growing line of proprietary and curated third-party retirement income products.
“As plan sponsors look for ways to help employees move from accumulation to income, connectivity across the retirement ecosystem is becoming increasingly important,” said Brett Fisher, assistant vice president of investment product strategy at Principal Financial Group. “Greater standardization and connectivity across providers can help facilitate portability and support broader access to retirement income options for plan sponsors and participants.”
SS&C RICC is designed to help facilitate interactions between providers and recordkeepers, supporting a more standardized approach to delivering retirement income solutions. The engagement builds on SS&C’s long-term relationship with Principal, including fund services provided by SS&C Global Investor & Distribution Solutions.
“We are pleased to extend our valued long-term relationship with Principal Financial Group,” said Michael Rogalski, Head of SS&C Retirement Solutions. “As the industry creates more ways to help investors convert savings into steady retirement income, it’s more important than ever to ensure connectivity and portability for these solutions. We look forward to working with Principal Financial as they scale their retirement income offering.”
SS&C RICC platform is on track to connect seven major recordkeepers representing $6.6 trillion in assets under administration and 70 million participants by the end of the year. Learn more here.
About Principal Financial Group®
Principal Financial Group® (Nasdaq: PFG) is a global financial company with approximately 19,000 employees1 passionate about improving the wealth and well-being of people and businesses. In business for 147 years, we’re helping 82 million customers1 plan, insure, invest, and retire, while working to support the communities where we do business, and build an inclusive workforce. Principal® is proud to be recognized as one of the 2026 World’s Most Ethical Companies2 and named as a “Best Places to Work in Money Management3.” Learn more about Principal and our commitment to building a better future at principal.com.
1 As of June 30, 2026
2 Ethisphere, 2026
3 Pensions & Investments, 2025
About SS&C Technologies
SS&C is a leading provider of mission-critical, AI-powered technology and services empowering financial services and healthcare organizations to work smarter, faster, and securely. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices worldwide. More than 23,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.
Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
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