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CIPCO Selected as One of the Best in the Nation for Benefits
(Cedar Rapids, Iowa) Central Iowa Power Cooperative (CIPCO) has been named one of the 2006 winners of The Principal 10 Best Companies for Employee Financial Security. An independent judging panel of business leaders and employee benefits experts selected CIPCO for its dedication to its employees as demonstrated by its outstanding package of employee benefits; noting in particular the organization's commitment to health care insurance and retirement savings.
This nationwide program, which is sponsored by the Principal Financial Group, recognizes growing companies (between five and 1,000 employees) that excel at contributing to their employees� long-term financial security, particularly through employee benefits programs.
"Central Iowa Power Cooperative has a comprehensive set of retirement and health benefits, as well as a commitment to employee education and one-on-one financial counseling to help individuals make sure they are prepared for health, financial security, protection against disability and other risks," said Dallas Salisbury, president/CEO, Employee Benefit Research Institute and member of The Principal 10 Best judging panel. "CIPCO has a set of benefit programs that individuals can take great pride in, knowing they are working at one of the best companies for employee financial security."
CIPCO, founded in 1946, is a consumer-owned, not-for-profit electric cooperative that generates and transmits power to its member owners - 12 rural electric cooperatives and one municipal electric cooperative - all located within the state of Iowa. CIPCO is Iowa's largest cooperative energy provider, with 119 employees, headquartered in Cedar Rapids with other locations in Wilton, Creston, Montpelier and Des Moines.
CIPCO's commitment to its employees has enabled it to implement a benefits program that is well aligned with employee needs. "The benefit program is important and also extremely compatible with Iowa values. Our employees place a high regard on work ethic and business and community values. You attract those kinds of people with benefits, not salaries," said Craig Fricke, COO, Central Iowa Power Cooperative. "We feel it is a great honor to be recognized as part of such an elite group, The Principal 10 Best Companies for Employee Financial Security."
Also among The Principal 10 Best Companies�2006 are: Argon ST, Inc., Fairfax, Va.; ITAGroup. Inc., West Des Moines, Iowa; Eastern Financial Florida Credit Union, Miramar, Fla.; GTE Federal Credit Union, Tampa, Fla.; Howalt-McDowell Insurance, Inc., Sioux Falls, S.D.; McNaughton & Gunn, Saline, Mich.; Michigan Farm Bureau Family of Companies, Lansing, Mich.; Wells Real Estate Funds, Inc., Norcross, Ga.; and West Bend Mutual Insurance Company, West Bend, Wis.
A distinguished judging panel of business leaders and employee benefit experts worked with Mathew Greenwald & Associates, a premier market research company, to choose the winners. The names of the entrants were shielded from the judges until after they selected their winners.
The Principal Financial Group is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies and national network of financial professionals. A member of the Fortune 500, the Principal Financial Group has $206.0 billion in assets under management and serves some 16.3 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.
This nationwide program, which is sponsored by the Principal Financial Group, recognizes growing companies (between five and 1,000 employees) that excel at contributing to their employees� long-term financial security, particularly through employee benefits programs.
"Central Iowa Power Cooperative has a comprehensive set of retirement and health benefits, as well as a commitment to employee education and one-on-one financial counseling to help individuals make sure they are prepared for health, financial security, protection against disability and other risks," said Dallas Salisbury, president/CEO, Employee Benefit Research Institute and member of The Principal 10 Best judging panel. "CIPCO has a set of benefit programs that individuals can take great pride in, knowing they are working at one of the best companies for employee financial security."
CIPCO, founded in 1946, is a consumer-owned, not-for-profit electric cooperative that generates and transmits power to its member owners - 12 rural electric cooperatives and one municipal electric cooperative - all located within the state of Iowa. CIPCO is Iowa's largest cooperative energy provider, with 119 employees, headquartered in Cedar Rapids with other locations in Wilton, Creston, Montpelier and Des Moines.
CIPCO's commitment to its employees has enabled it to implement a benefits program that is well aligned with employee needs. "The benefit program is important and also extremely compatible with Iowa values. Our employees place a high regard on work ethic and business and community values. You attract those kinds of people with benefits, not salaries," said Craig Fricke, COO, Central Iowa Power Cooperative. "We feel it is a great honor to be recognized as part of such an elite group, The Principal 10 Best Companies for Employee Financial Security."
Also among The Principal 10 Best Companies�2006 are: Argon ST, Inc., Fairfax, Va.; ITAGroup. Inc., West Des Moines, Iowa; Eastern Financial Florida Credit Union, Miramar, Fla.; GTE Federal Credit Union, Tampa, Fla.; Howalt-McDowell Insurance, Inc., Sioux Falls, S.D.; McNaughton & Gunn, Saline, Mich.; Michigan Farm Bureau Family of Companies, Lansing, Mich.; Wells Real Estate Funds, Inc., Norcross, Ga.; and West Bend Mutual Insurance Company, West Bend, Wis.
A distinguished judging panel of business leaders and employee benefit experts worked with Mathew Greenwald & Associates, a premier market research company, to choose the winners. The names of the entrants were shielded from the judges until after they selected their winners.
The Principal Financial Group is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies and national network of financial professionals. A member of the Fortune 500, the Principal Financial Group has $206.0 billion in assets under management and serves some 16.3 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.
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