Principal Acquires Beam Benefits to Strengthen Small-Business Benefits Platform
PFG•Principal Financial Group will acquire Beam Benefits, an employee benefits technology company, to expand its small-business benefits platform. The acquisition aims to enhance Principal’s digital capabilities in health, retirement and voluntary benefits administration.
1. Details of the Acquisition
Principal Financial Group will acquire Beam Benefits, an employee benefits technology firm specializing in small-business health and voluntary benefits. No purchase price or closing timeline has been disclosed, reflecting a strategic focus on integrating Beam’s platform into Principal’s broader digital benefits ecosystem.
