Plan5500

Principal Cash Balance 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, Principal Cash Balance Plan is a benefit plan reported by Principal Financial Group, Inc. under EIN 42-1520346 and plan number 005. The latest loaded filing year is 2023. The filing reports 18,231 participants and $1,699,129,128 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
005
Plan type
2
Location
Des Moines, IA
Latest filing year
2023
Participants
18,231
End-of-year plan assets
$1,699,129,128

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202318,231H, C20241014100644NAL0045566384001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$1,699,129,128
Total liabilities (EOY)
$33,942,396
Net assets (EOY)
$1,665,186,732
Net assets (BOY)
$1,544,305,575

Income & contributions

Employer contributions
$55,000,000
Total contributions
$55,000,000
Total income / additions
$321,938,176

Expenses & distributions

Benefits paid
$191,059,855
Administrative expenses
$9,997,164
Total expenses
$201,057,019
Net increase / (decrease)
$120,881,157

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Global InvestorsINVESTMENT ADVISORY$6,002,958not reported in the loaded dataset2023
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$1,940,772$02023
State StreetCONSULTANT$171,519not reported in the loaded dataset2023
IdcOTHER SERVICES$25,325not reported in the loaded dataset2023

Related Form 5500 pages