Plan Snapshot
- Plan Sponsor: Principal Life Insurance Company
- Sponsor EIN: 420127290
- Sponsor Address: 711 HIGH STREET, DES MOINES, IA, 50392
- Plan Type: 401(k)
- Total Participants: 8,218
- Total Assets: $996.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 8,218 | $996.9M | $34.2M | $57.6M |
| 2023 | 7,894 | $864.6M | $28.5M | $53.6M |
| 2022 | 6,228 | $588.4M | $21.0M | $33.2M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $1,000,776 | — | $1,000,776 |
| CREATIVE PLANNING, LLC | Investment Advisor | $790,333 | $1,057 | $791,390 |
| CADARET GRANT & CO INC | Other Service Provider | $42,492 | $30 | $42,522 |
| NATIONAL BENEFIT SERVICES LLC | Recordkeeper | $3,200 | $8,810 | $12,010 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CREATIVE PLANNING, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,846,698
- Estimated Expense Ratio: 0.185% of plan assets
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 | $1,837,163 | $24,534 | $1,388,037 | — | — |
| 2023 | $1,451,829 | $126,857 | $992,851 | — | — |
| 2022 | $844,524 | $100,887 | $594,039 | — | $149,598 |