2023 Form 5500 filing — The Principal Welfare Benefit Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241014103201NAL0045628000001) for The Principal Welfare Benefit Plan, reported by Principal Life Insurance Company under EIN 42-0127290 and plan number 501. It reports 16,679 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014103201NAL0045628000001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Principal Life Insurance Company
- EIN
- 42-0127290
- Plan number
- 501
- Location
- Des Moines, IA
- Participants
- 16,679
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $409,946,170
- Total liabilities (EOY)
- $49,300,502
- Net assets (EOY)
- $360,645,668
- Employer contributions
- $9,903,334
- Participant contributions
- $47,161,978
- Total income / additions
- $98,161,013
- Benefits paid
- $190,550,383
- Administrative expenses
- $15,650,886
- Total expenses
- $206,201,269
- Net increase / (decrease)
- -$108,040,256
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $0 | $0 |
| Principal Funds, Inc. | AFFILIATE TO PLAN SPONSOR | $0 | $0 |