# Principal Life Insurance Company 401(k) Plan
Source: https://planprovider.pro/companies/principal-life-insurance-company-401k-plan-334

> Principal Life Insurance Company's 401(k) plan: 161,040 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|CONTRACT ADMINISTRATOR|$5,119,861|—|$5,119,861|

| PRINCIPAL SECURITIES INC|OTHER SERVICES|—|$211,100|$211,100|

| OSAIC WEALTH INC|CONSULTANT|$57,819|$43,337|$101,156|

| LPL FINANCIAL LLC|OTHER SERVICES|—|$79,632|$79,632|

| AMERIPRISE FINANCIAL SERVICES INC|OTHER SERVICES|—|$73,466|$73,466|

| PARK AVENUE SECURITIES|INVESTMENT ADVISORY|$1,135|$60,910|$62,045|

| NORTHWESTERN MUTUAL INVESTMENT SERV|OTHER SERVICES|—|$58,693|$58,693|

| AMERIPRISE FINANCIAL SERVICES LLC.|INVESTMENT ADVISORY|$48,869|$62|$48,931|

| LPL FINANCIAL LLC - RPCP|INVESTMENT ADVISORY|$45,654|$45|$45,699|

| RBC CAPITAL MARKETS LLC|OTHER SERVICES|—|$44,785|$44,785|

| GLOBAL RETIREMENT PARTNERS LLC|INVESTMENT ADVISORY|$41,473|$28|$41,501|

| NEW YORK LIFE SECURITIES|OTHER SERVICES|—|$41,350|$41,350|

| SYNOVUS SECURITIES, INC.|CONSULTANT|$35,456|$15|$35,471|

| CETERA ADVISOR NETWORKS INSURANCE S|OTHER SERVICES|—|$32,295|$32,295|

| PURSHE KAPLAN STERLING INVESTMENTS|OTHER SERVICES|—|$31,843|$31,843|

| EQUITABLE NETWORK LLC|OTHER SERVICES|—|$27,169|$27,169|

| BARNES WEALTH MANAGEMENT GROUP|INVESTMENT ADVISORY|$26,635|$11|$26,646|

| AMERIPRISE FINANCIAL SERVICES INC|INVESTMENT ADVISORY|$77|$26,541|$26,618|

| SIMA RETIREMENT SOLUTIONS, LLC|INVESTMENT ADVISORY|$25,958|$9|$25,967|

| WILMINGTON TRUST,N.A.|INVESTMENT ADVISORY|$23,615|—|$23,615|

| SANCTUARY SECURITIES INC|OTHER SERVICES|—|$23,491|$23,491|

| FBL MARKETING SERVICES, LLC|INVESTMENT ADVISORY|$2,589|$18,548|$21,137|

| EQUITABLE ADVISORS, LLC.|INVESTMENT ADVISORY|$16,930|$3,168|$20,098|

| KESTRA ADVISORY SERVICES, LLC|INVESTMENT ADVISORY|$18,569|$1,067|$19,636|

| PRAGER METIS|ACCOUNTANT|$18,375|—|$18,375|

| CLIFTONLARSONALLEN LLP|Auditor|$18,374|—|$18,374|

| TRUIST INVESTMENT SERVICES INC|OTHER SERVICES|—|$18,242|$18,242|

| CREATIVEONE SECURITIES, LLC|INVESTMENT ADVISORY|$17,547|$3|$17,550|

| THURSTON SPRINGER ADVISORS|INVESTMENT ADVISORY|$17,540|$4|$17,544|

| WELLS FARGO CLEARING SERVICES LLC|INVESTMENT ADVISORY|$17,076|$19|$17,095|

| CETERA ADVISORS LLC|OTHER SERVICES|—|$16,384|$16,384|

| CETERA ADVISOR NETWORKS LLC|INVESTMENT ADVISORY|$2,349|$12,843|$15,192|

| MML INSURANCE AGENCY LLC|OTHER SERVICES|—|$15,038|$15,038|

| CADARET GRANT & CO INC|INVESTMENT ADVISORY|$13,234|$42|$13,276|

| HILLTOP SECURITIES INSURANCE AGENCY|OTHER SERVICES|—|$13,249|$13,249|

| WELLS FARGO ADVISORS FIN NETWORK|INVESTMENT ADVISORY|$12,835|$4|$12,839|

| SAX WEALTH ADVISORS, LLC|INVESTMENT ADVISORY|$12,713|$2|$12,715|

| VALMARK SECURITIES INC|INVESTMENT ADVISORY|$12,508|$13|$12,521|

| NORTHWESTERN MUTUAL WEALTH MGMT|INVESTMENT ADVISORY|$12,066|$9|$12,075|

| ALERA INVESTMENT ADVISORS, LLC|INVESTMENT ADVISORY|$11,524|$13|$11,537|

| SANCTUARY ADVISORS, LLC|INVESTMENT ADVISORY|$11,508|$5|$11,513|

| GWN SECURITIES INC.|OTHER SERVICES|—|$10,164|$10,164|

| WORLD INVESTMENT ADVISORS, LLC|INVESTMENT ADVISORY|$10,002|$1|$10,003|

| SAGEVIEW ADVISORY GROUP, LLC|INVESTMENT ADVISORY|$9,865|$2|$9,867|

| GALLAGHER FIDUCIARY ADVISORS, LLC|INVESTMENT ADVISORY|$9,620|$5|$9,625|

| GIRARD ADVISORY SERVICES, LLC|INVESTMENT ADVISORY|$9,291|$1|$9,292|

| STIFEL NICOLAUS & COMPANY INC|INVESTMENT ADVISORY|$4,389|$4,771|$9,160|

| IMA ADVISORY SERVICES, INC.|INVESTMENT ADVISORY|$8,865|$10|$8,875|

| BELL-ANDERSON AGENCY, INC.|OTHER SERVICES|—|$8,722|$8,722|

| LINDSEY FINANCIAL SOLUTIONS, LLC|INVESTMENT ADVISORY|$7,886|$759|$8,645|

| CAPITAL ASSET ADVISORY SERVICES|INVESTMENT ADVISORY|$8,417|$5|$8,422|

| SECURITIES AMERICA ADVISORS, INC.|INVESTMENT ADVISORY|$7,833|$11|$7,844|

| COMPASS ADVISORY GROUP LLC|INVESTMENT ADVISORY|$7,610|$2|$7,612|

| WEALTH ADVISORY GROUP, INC.|INVESTMENT ADVISORY|$6,932|$2|$6,934|

| PRUDENTIAL INSURANCE AGENCY LLC|OTHER SERVICES|—|$6,886|$6,886|

| CAMBRIDGE INVESTMENT RESEARCH ADVIS|INVESTMENT ADVISORY|$6,796|$1|$6,797|

| MML INVESTORS SERVICES LLC|INVESTMENT ADVISORY|$3,855|$2,511|$6,366|

| COMMONWEALTH FINANCIAL NETWORK|INVESTMENT ADVISORY|$6,209|$151|$6,360|

| N P A INS AGENCY INC|OTHER SERVICES|—|$6,052|$6,052|

| EQUITY SERVICES, INC.|OTHER SERVICES|—|$5,924|$5,924|

| JANNEY MONTGOMERY SCOTT LLC|OTHER SERVICES|—|$5,535|$5,535|

| MT & W ASSOCIATES, INC.|OTHER SERVICES|—|$5,520|$5,520|

| ROBERT W. BAIRD & CO. INCORPORATED|OTHER SERVICES|—|$5,265|$5,265|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [OSAIC WEALTH INC](https://planprovider.pro/provider/royal-alliance-associates-inc) — CONSULTANT

- [LPL FINANCIAL LLC](https://planprovider.pro/provider/equitable) — OTHER SERVICES

- [AMERIPRISE FINANCIAL SERVICES INC](https://planprovider.pro/provider/ameriprise-financial-services-llc) — OTHER SERVICES

- [PARK AVENUE SECURITIES](https://planprovider.pro/provider/park-avenue-securities-llc) — INVESTMENT ADVISORY

- [NORTHWESTERN MUTUAL INVESTMENT SERV](https://planprovider.pro/provider/northwestern-mutual) — OTHER SERVICES

- [AMERIPRISE FINANCIAL SERVICES LLC.](https://planprovider.pro/provider/ameriprise-financial-services-llc) — INVESTMENT ADVISORY

- [RBC CAPITAL MARKETS LLC](https://planprovider.pro/provider/royal-bank-of-canada) — OTHER SERVICES

- [GLOBAL RETIREMENT PARTNERS LLC](https://planprovider.pro/provider/global-retirement-partners-llc) — INVESTMENT ADVISORY

- [PURSHE KAPLAN STERLING INVESTMENTS](https://planprovider.pro/provider/fortem-financial-group-llc) — OTHER SERVICES

- [EQUITABLE NETWORK LLC](https://planprovider.pro/provider/equitable) — OTHER SERVICES

- [AMERIPRISE FINANCIAL SERVICES INC](https://planprovider.pro/provider/ameriprise-financial-services-llc) — INVESTMENT ADVISORY

- [KESTRA ADVISORY SERVICES, LLC](https://planprovider.pro/provider/sentinel-group) — INVESTMENT ADVISORY

- [CLIFTONLARSONALLEN LLP](https://planprovider.pro/provider/cliftonlarsonallen-llp) — Auditor

- [THURSTON SPRINGER ADVISORS](https://planprovider.pro/provider/thurston-springer-advisors) — INVESTMENT ADVISORY

- [NORTHWESTERN MUTUAL WEALTH MGMT](https://planprovider.pro/provider/northwestern-mutual) — INVESTMENT ADVISORY

- [ALERA INVESTMENT ADVISORS, LLC](https://planprovider.pro/provider/alera-investment-advisors-llc) — INVESTMENT ADVISORY

- [SAGEVIEW ADVISORY GROUP, LLC](https://planprovider.pro/provider/sageview-advisory-group) — INVESTMENT ADVISORY

- [GALLAGHER FIDUCIARY ADVISORS, LLC](https://planprovider.pro/provider/arthur-j-gallagher-and-co) — INVESTMENT ADVISORY

- [STIFEL NICOLAUS & COMPANY INC](https://planprovider.pro/provider/stifel-nicolaus-and-company-incorporated) — INVESTMENT ADVISORY

- [IMA ADVISORY SERVICES, INC.](https://planprovider.pro/provider/ima-wealth) — INVESTMENT ADVISORY

- [CAPITAL ASSET ADVISORY SERVICES](https://planprovider.pro/provider/cg-financial-services) — INVESTMENT ADVISORY

- [MML INVESTORS SERVICES LLC](https://planprovider.pro/provider/mml-investors-services-llc) — INVESTMENT ADVISORY

- [COMMONWEALTH FINANCIAL NETWORK](https://planprovider.pro/provider/commonwealth-financial-network) — INVESTMENT ADVISORY

- [JANNEY MONTGOMERY SCOTT LLC](https://planprovider.pro/provider/janney-montgomery-scott-llc) — OTHER SERVICES

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $6,665,594

- **Estimated Expense Ratio:** 1.024% 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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/principal-life-insurance-company-401k-plan-334)

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