Plan Snapshot
- Plan Sponsor: Principal Financial Group, INC.
- Sponsor EIN: 421520346
- Sponsor Address: 711 HIGH ST, DES MOINES, IA, 503921200
- Plan Type: 401(k)
- Total Participants: 12,662
- Total Assets: $4.6B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 12,662 | $4.6B | $76.1M | $146.3M |
| 2023 | 12,782 | $4.1B | $73.3M | $139.8M |
| 2022 | 12,779 | $3.6B | $68.9M | $124.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ERNST & YOUNG, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERNST & YOUNG, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,013,291 | — | $1,010,682 | — | — |
| 2023 | $1,268,161 | — | $1,268,161 | — | — |
| 2022 | $1,695,450 | — | $1,695,450 | — | — |