Principal Financial Group, Inc.

About Principal Financial Group, Inc.

<p>Retirement plan administration and recordkeeping are a core part of this long-running financial services company’s business, with support for plan design, compliance, and participant advice. Founded in 1879, the firm works with employers on workplace retirement plans such as 401(k) and 403(b), along with related retirement products like annuities and IRAs for individuals.</p> <p>Headquartered in Des Moines in the central Iowa region, Principal Financial Group operates nationally and also has a global footprint through its broader investment management and insurance operations. It is not a CPA or accounting firm.</p> <p>Beyond retirement plans, the company offers employee benefits and workplace coverage, including accident, critical illness, dental, group term life, hospital indemnity, long-term disability, and short-term disability insurance. As of 2025, it reports 34 clients and $540.4B in AUM.</p> <p>What differentiates Principal is the combination of retirement plan services and a large insurance and investment platform under one roof, which can reduce the number of vendors a benefits team needs to manage.</p> <ul> <li>Recordkeeping for employer retirement plans</li> <li>Plan design support for 401(k) and 403(b) programs</li> <li>Compliance administration and plan operations</li> <li>Participant advice and retirement guidance</li> <li>Employee benefits insurance (life, dental, disability, and more)</li> </ul>

Website: https://www.principal.com/individuals/invest-retire/retirement-plans/401k-403b-retirement-plans

Founded: 1879

Employees: 20000