Plan5500

The Principal Select Savings Plan — Form 5500 plan (Principal Financial Group, Inc.)

Plain-English plan 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, The Principal Select Savings Plan is a benefit plan reported by Principal Financial Group, Inc. under EIN 42-1520346 and plan number 003. The latest loaded filing year is 2023. The filing reports 17,955 participants and $4,134,174,305 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Principal Financial Group, Inc.
EIN
42-1520346
Plan number
003
Plan type
2
Location
Des Moines, IA
Latest filing year
2023
Participants
17,955
End-of-year plan assets
$4,134,174,305

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202317,955H, C20241014100442NAL0026980305001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$4,134,174,305
Total liabilities (EOY)
$0
Net assets (EOY)
$4,134,174,305
Net assets (BOY)
$3,613,396,259

Income & contributions

Employer contributions
$73,267,443
Participant contributions
$139,835,945
Total contributions
$238,479,567
Total income / additions
$807,649,850

Expenses & distributions

Benefits paid
$285,512,405
Administrative expenses
$1,268,161
Total expenses
$286,871,804
Net increase / (decrease)
$520,778,046

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$1,281,626$02023
Morningstar Investment Management LINV ADV, PARTICIPANTS$0$02023

Related Form 5500 pages