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: 161,040
- Total Assets: $650.9M
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 | 161,040 | $650.9M | $40.9M | $100.2M |
| 2023 | 106,368 | $384.2M | $24.7M | $62.3M |
| 2022 | 54,001 | $153.7M | $11.7M | $28.5M |
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 | $5,119,861 | — | $5,119,861 |
| PRINCIPAL SECURITIES INC | Other Service Provider | — | $211,100 | $211,100 |
| OSAIC WEALTH INC | Investment Advisor | $57,819 | $43,337 | $101,156 |
| LPL FINANCIAL LLC | Recordkeeper | — | $79,632 | $79,632 |
| AMERIPRISE FINANCIAL SERVICES INC | Investment Advisor | — | $73,466 | $73,466 |
| PARK AVENUE SECURITIES | Investment Advisor | $1,135 | $60,910 | $62,045 |
| NORTHWESTERN MUTUAL INVESTMENT SERV | Investment Advisor | — | $58,693 | $58,693 |
| AMERIPRISE FINANCIAL SERVICES LLC. | Investment Advisor | $48,869 | $62 | $48,931 |
| LPL FINANCIAL LLC - RPCP | Investment Advisor | $45,654 | $45 | $45,699 |
| RBC CAPITAL MARKETS LLC | Recordkeeper | — | $44,785 | $44,785 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $41,473 | $28 | $41,501 |
| NEW YORK LIFE SECURITIES | Other Service Provider | — | $41,350 | $41,350 |
| SYNOVUS SECURITIES, INC. | Other Service Provider | $35,456 | $15 | $35,471 |
| CETERA ADVISOR NETWORKS INSURANCE S | Other Service Provider | — | $32,295 | $32,295 |
| PURSHE KAPLAN STERLING INVESTMENTS | Investment Advisor | — | $31,843 | $31,843 |
| EQUITABLE NETWORK LLC | Recordkeeper | — | $27,169 | $27,169 |
| BARNES WEALTH MANAGEMENT GROUP | Investment Advisor | $26,635 | $11 | $26,646 |
| AMERIPRISE FINANCIAL SERVICES INC | Investment Advisor | $77 | $26,541 | $26,618 |
| SIMA RETIREMENT SOLUTIONS, LLC | Investment Advisor | $25,958 | $9 | $25,967 |
| WILMINGTON TRUST,N.A. | Investment Advisor | $23,615 | — | $23,615 |
| SANCTUARY SECURITIES INC | Other Service Provider | — | $23,491 | $23,491 |
| FBL MARKETING SERVICES, LLC | Investment Advisor | $2,589 | $18,548 | $21,137 |
| EQUITABLE ADVISORS, LLC. | Investment Advisor | $16,930 | $3,168 | $20,098 |
| KESTRA ADVISORY SERVICES, LLC | Investment Advisor | $18,569 | $1,067 | $19,636 |
| PRAGER METIS | Other Service Provider | $18,375 | — | $18,375 |
| TRUIST INVESTMENT SERVICES INC | Other Service Provider | — | $18,242 | $18,242 |
| CREATIVEONE SECURITIES, LLC | Investment Advisor | $17,547 | $3 | $17,550 |
| THURSTON SPRINGER ADVISORS | Investment Advisor | $17,540 | $4 | $17,544 |
| WELLS FARGO CLEARING SERVICES LLC | Investment Advisor | $17,076 | $19 | $17,095 |
| CETERA ADVISORS LLC | Other Service Provider | — | $16,384 | $16,384 |
| CETERA ADVISOR NETWORKS LLC | Investment Advisor | $2,349 | $12,843 | $15,192 |
| MML INSURANCE AGENCY LLC | Other Service Provider | — | $15,038 | $15,038 |
| CADARET GRANT & CO INC | Investment Advisor | $13,234 | $42 | $13,276 |
| HILLTOP SECURITIES INSURANCE AGENCY | Other Service Provider | — | $13,249 | $13,249 |
| WELLS FARGO ADVISORS FIN NETWORK | Investment Advisor | $12,835 | $4 | $12,839 |
| SAX WEALTH ADVISORS, LLC | Investment Advisor | $12,713 | $2 | $12,715 |
| VALMARK SECURITIES INC | Investment Advisor | $12,508 | $13 | $12,521 |
| NORTHWESTERN MUTUAL WEALTH MGMT | Investment Advisor | $12,066 | $9 | $12,075 |
| ALERA INVESTMENT ADVISORS, LLC | Investment Advisor | $11,524 | $13 | $11,537 |
| SANCTUARY ADVISORS, LLC | Investment Advisor | $11,508 | $5 | $11,513 |
| GWN SECURITIES INC. | Other Service Provider | — | $10,164 | $10,164 |
| WORLD INVESTMENT ADVISORS, LLC | Investment Advisor | $10,002 | $1 | $10,003 |
| SAGEVIEW ADVISORY GROUP, LLC | Investment Advisor | $9,865 | $2 | $9,867 |
| GALLAGHER FIDUCIARY ADVISORS, LLC | Investment Advisor | $9,620 | $5 | $9,625 |
| GIRARD ADVISORY SERVICES, LLC | Investment Advisor | $9,291 | $1 | $9,292 |
| STIFEL NICOLAUS & COMPANY INC | Investment Advisor | $4,389 | $4,771 | $9,160 |
| IMA ADVISORY SERVICES, INC. | Investment Advisor | $8,865 | $10 | $8,875 |
| BELL-ANDERSON AGENCY, INC. | Other Service Provider | — | $8,722 | $8,722 |
| LINDSEY FINANCIAL SOLUTIONS, LLC | Investment Advisor | $7,886 | $759 | $8,645 |
| CAPITAL ASSET ADVISORY SERVICES | Investment Advisor | $8,417 | $5 | $8,422 |
| SECURITIES AMERICA ADVISORS, INC. | Investment Advisor | $7,833 | $11 | $7,844 |
| COMPASS ADVISORY GROUP LLC | Investment Advisor | $7,610 | $2 | $7,612 |
| WEALTH ADVISORY GROUP, INC. | Investment Advisor | $6,932 | $2 | $6,934 |
| PRUDENTIAL INSURANCE AGENCY LLC | Other Service Provider | — | $6,886 | $6,886 |
| CAMBRIDGE INVESTMENT RESEARCH ADVIS | Investment Advisor | $6,796 | $1 | $6,797 |
| MML INVESTORS SERVICES LLC | Investment Advisor | $3,855 | $2,511 | $6,366 |
| COMMONWEALTH FINANCIAL NETWORK | Investment Advisor | $6,209 | $151 | $6,360 |
| N P A INS AGENCY INC | Other Service Provider | — | $6,052 | $6,052 |
| EQUITY SERVICES, INC. | Other Service Provider | — | $5,924 | $5,924 |
| JANNEY MONTGOMERY SCOTT LLC | Investment Advisor | — | $5,535 | $5,535 |
| MT & W ASSOCIATES, INC. | Other Service Provider | — | $5,520 | $5,520 |
| ROBERT W. BAIRD & CO. INCORPORATED | Other Service Provider | — | $5,265 | $5,265 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- OSAIC WEALTH INC — Investment Advisor
- LPL FINANCIAL LLC — Recordkeeper
- AMERIPRISE FINANCIAL SERVICES INC — Investment Advisor
- PARK AVENUE SECURITIES — Investment Advisor
- NORTHWESTERN MUTUAL INVESTMENT SERV — Investment Advisor
- AMERIPRISE FINANCIAL SERVICES LLC. — Investment Advisor
- RBC CAPITAL MARKETS LLC — Recordkeeper
- GLOBAL RETIREMENT PARTNERS LLC — Investment Advisor
- PURSHE KAPLAN STERLING INVESTMENTS — Investment Advisor
- EQUITABLE NETWORK LLC — Recordkeeper
- AMERIPRISE FINANCIAL SERVICES INC — Investment Advisor
- KESTRA ADVISORY SERVICES, LLC — Investment Advisor
- THURSTON SPRINGER ADVISORS — Investment Advisor
- NORTHWESTERN MUTUAL WEALTH MGMT — Investment Advisor
- ALERA INVESTMENT ADVISORS, LLC — Investment Advisor
- SAGEVIEW ADVISORY GROUP, LLC — Investment Advisor
- GALLAGHER FIDUCIARY ADVISORS, LLC — Investment Advisor
- STIFEL NICOLAUS & COMPANY INC — Investment Advisor
- IMA ADVISORY SERVICES, INC. — Investment Advisor
- CAPITAL ASSET ADVISORY SERVICES — Investment Advisor
- MML INVESTORS SERVICES LLC — Investment Advisor
- COMMONWEALTH FINANCIAL NETWORK — Investment Advisor
- JANNEY MONTGOMERY SCOTT LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,647,220
- Estimated Expense Ratio: 1.021% 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 | $5,808,667 | $624,846 | $5,120,431 | $18,374 | — |
| 2023 | $2,779,107 | $266,063 | $2,484,764 | $12,000 | — |
| 2022 | $1,064,995 | $42,007 | $1,011,392 | — | $11,596 |