Best Companies Increase Focus On Keeping Employees Well

With a notable increase in wellness programs, 10 growing businesses have earned national recognition for linking employee health to employee long-term financial security. The winning companies recognize the critical tie between physical health and future financial health and have expanded the range of benefits designed to keep employees well.

An independent panel of judges selected The Principal® 10 Best Companies for Employee Financial Security – 2012, which include:

• American National Bank of Texas, Terrell, Texas; bank
• Arizona State Credit Union, Phoenix, Ariz.; credit union
• Cypress Creek Emergency Medical Services, Spring, Texas; health care
• Dunmore Corporation, Bristol, Pa.; manufacturing
• Flow Science, Inc., Santa Fe, N.M.; software development
• M3 Insurance, Madison, Wis.; insurance
• n Logic, LLC, Huntsville, Ala.; information technology/software
• The United States Pharmacopeial Convention, Rockville, Md.; nonprofit
• Vantage West Credit Union, Tucson, Ariz.; credit union
• WHR Architects, Inc., Houston, Texas; architecture

“These 10 Best Companies are really doing extraordinary things to improve the financial security of their employees and serve as inspiring examples to other growing businesses,” said David Wray, president, Plan Sponsor Council of America. “As an example, when the program began 11 years ago, we saw some companies attempting wellness, but today all winners offer wellness programs in some meaningful way.”

“Winning companies recognize the immense impact wellness can have not only on health, but on retirement security – healthier employees spend less on medical care leaving more to save,” said Luke Vandermillen, vice president at the Principal Financial Group ^®. “Beyond physical health, these companies offer a number of ways to impact the long-term financial health of their employees through income protection and retirement programs with generous employer matches and contributions.”

Companies see the results of great benefits with turnover rates well below others in their industry and significantly lower than the national average. The Principal 10 Best Companies’ average voluntary turnover rate is 9.8 percent, compared to the national average of 24 percent. This marks the eleventh year The Principal has sponsored the program, which honors growing companies (five – 1,000 employees) for their commitment to employee financial security through outstanding employee benefits.

A diverse group, the 2012 winners range from the oldest, a 192-year-old nonprofit organization, to the youngest company, a 7-year-old software development company. Winning companies range in size from 29 to 687 employees.

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