# Principal Financial Group, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/principal-financial-group-inc-421520346-513

> Principal Financial Group, INC.'s Health & Welfare plan: 826 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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