Plan Snapshot
- Plan Sponsor: Principal Financial Group, INC.
- Sponsor EIN: 421520346
- Sponsor Address: 711 HIGH STREET, DES MOINES, IA, 503920001
- Plan Type: Health & Welfare
- Plan Number: 513
- Total Participants: 826
- Total Assets: $26.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 826 | $26.7M | $153,086 | $2,483 |
| 2023 | 863 | $25.8M | $177,085 | $3,311 |
| 2022 | 778 | $24.1M | $222,670 | $3,311 |
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 |
|---|---|---|---|---|
| GRANT THORNTON LLP | Auditor | — | — | $0 |
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 | $913,620 | $5,292 | $83,553 | — | — |
| 2023 | $508,967 | $4,896 | $92,884 | — | — |
| 2022 | $432,050 | $5,300 | $127,291 | — | — |