Principal announces integration of acquired Wells Fargo retirement business

Principal announced completion of the Wells Fargo Institutional Retirement business integration, with client onboarding completed in waves through June 2021. The release separately described a broader Institutional Retirement and Trust transition timetable through March 2022, during which Wells Fargo continued recordkeeping, trustee or custody services. Retirement-platform integration did not establish that every trust role transferred on the same date. The acquisition originally closed July 1, 2019.