Civic Intelligence

Principal Financial Group Inc.

Plan context: The Principal Select Savings Plan for Employees

EIN 42-1520346 • Des Moines, IA • 49 filings • 11 plans

711 Hight StreetDes Moines, IA 50392-0001
Current Snapshot

Latest Year

2024

2024 Participants

12,662

2024 Assets

$6,099,464,450

2024 Contributions

$311,958,056

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$6,560,282,572$3,280,141,286$0201420192024YearValue
$6,099,464,450Latest year 2024

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

12,7826,3910201420192024YearValue
12,662Latest year 2024

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
2024512,662$6,099,464,450$311,958,056$24,637iApproximate average salary by contribution assumption: employee only about $615,934 at 4% or $410,622 at 6%; with 50% employer match about $410,622 at 4% or $273,748 at 6%; with 100% employer match about $307,967 at 4% or $205,311 at 6%.
The Principal Select Savings Plan for Employees-12,662$4,579,548,793$256,802,487$20,281iApproximate average salary by contribution assumption: employee only about $507,034 at 4% or $338,023 at 6%; with 50% employer match about $338,023 at 4% or $225,348 at 6%; with 100% employer match about $253,517 at 4% or $169,011 at 6%.
Principal Cash Balance Plan-12,410$1,466,387,124$55,000,000$4,432iApproximate average salary by contribution assumption: employee only about $110,798 at 4% or $73,865 at 6%; with 50% employer match about $73,865 at 4% or $49,243 at 6%; with 100% employer match about $55,399 at 4% or $36,933 at 6%.
The Principal Pension Plan-0$26,831,168--
The Principal Welfare Benefit Plan for Medicare Eligible Retirees--$26,697,365$155,569-
Principal Financial Group Inc. Section 125 Cafeteria and Hsa Plan-6,826---
2023512,782$5,887,069,141$293,659,963$22,974iApproximate average salary by contribution assumption: employee only about $574,362 at 4% or $382,908 at 6%; with 50% employer match about $382,908 at 4% or $255,272 at 6%; with 100% employer match about $287,181 at 4% or $191,454 at 6%.
The Principal Select Savings Plan for Employees-12,782$4,134,174,305$238,479,567$18,657iApproximate average salary by contribution assumption: employee only about $466,436 at 4% or $310,958 at 6%; with 50% employer match about $310,958 at 4% or $207,305 at 6%; with 100% employer match about $233,218 at 4% or $155,479 at 6%.
Principal Cash Balance Plan-12,778$1,699,129,128$55,000,000$4,304iApproximate average salary by contribution assumption: employee only about $107,607 at 4% or $71,738 at 6%; with 50% employer match about $71,738 at 4% or $47,825 at 6%; with 100% employer match about $53,803 at 4% or $35,869 at 6%.
The Principal Pension Plan-0$27,936,234--
The Principal Welfare Benefit Plan for Medicare Eligible Retirees--$25,829,474$180,396-
Principal Financial Group Inc. Section 125 Cafeteria and Hsa Plan-3,208---
2022612,779$5,236,974,592$310,579,146$24,304iApproximate average salary by contribution assumption: employee only about $607,597 at 4% or $405,064 at 6%; with 50% employer match about $405,064 at 4% or $270,043 at 6%; with 100% employer match about $303,798 at 4% or $202,532 at 6%.
The Principal Select Savings Plan for Employees-12,779$3,613,396,259$249,803,510$19,548iApproximate average salary by contribution assumption: employee only about $488,699 at 4% or $325,800 at 6%; with 50% employer match about $325,800 at 4% or $217,200 at 6%; with 100% employer match about $244,350 at 4% or $162,900 at 6%.
Principal Cash Balance Plan-11,788$1,549,488,797--
The Principal Pension Plan-0$50,000,000$50,000,000-
The Principal Welfare Benefit Plan for Medicare Eligible Retirees-778$24,089,536$225,981$290iApproximate average salary by contribution assumption: employee only about $7,262 at 4% or $4,841 at 6%; with 50% employer match about $4,841 at 4% or $3,227 at 6%; with 100% employer match about $3,631 at 4% or $2,421 at 6%.
The Principal Select Savings Plan for Individual Field-0-$10,549,655-
Principal Financial Group Inc. Section 125 Cafeteria and Hsa Plan-3,093---
2021512,024$6,560,282,572$310,011,286$25,783iApproximate average salary by contribution assumption: employee only about $644,568 at 4% or $429,712 at 6%; with 50% employer match about $429,712 at 4% or $286,475 at 6%; with 100% employer match about $322,284 at 4% or $214,856 at 6%.
The Principal Select Savings Plan for Employees-11,415$3,962,568,655$254,007,504$22,252iApproximate average salary by contribution assumption: employee only about $556,302 at 4% or $370,868 at 6%; with 50% employer match about $370,868 at 4% or $247,245 at 6%; with 100% employer match about $278,151 at 4% or $185,434 at 6%.
The Principal Pension Plan-12,024$2,260,803,080$45,000,000$3,743iApproximate average salary by contribution assumption: employee only about $93,563 at 4% or $62,375 at 6%; with 50% employer match about $62,375 at 4% or $41,583 at 6%; with 100% employer match about $46,781 at 4% or $31,188 at 6%.
The Principal Select Savings Plan for Individual Field-729$306,432,984$10,760,928$14,761iApproximate average salary by contribution assumption: employee only about $369,030 at 4% or $246,020 at 6%; with 50% employer match about $246,020 at 4% or $164,014 at 6%; with 100% employer match about $184,515 at 4% or $123,010 at 6%.
The Principal Welfare Benefit Plan for Medicare Eligible Retirees--$30,477,853$242,854-
Principal Financial Group Inc. Section 125 Cafeteria and Hsa Plan-5,972---
2020511,185$5,790,863,910$255,845,077$22,874iApproximate average salary by contribution assumption: employee only about $571,849 at 4% or $381,232 at 6%; with 50% employer match about $381,232 at 4% or $254,155 at 6%; with 100% employer match about $285,924 at 4% or $190,616 at 6%.
The Principal Select Savings Plan for Employees-10,547$3,331,858,872$169,455,892$16,067iApproximate average salary by contribution assumption: employee only about $401,668 at 4% or $267,779 at 6%; with 50% employer match about $267,779 at 4% or $178,519 at 6%; with 100% employer match about $200,834 at 4% or $133,889 at 6%.
The Principal Pension Plan-11,185$2,162,492,320$75,000,000$6,705iApproximate average salary by contribution assumption: employee only about $167,635 at 4% or $111,757 at 6%; with 50% employer match about $111,757 at 4% or $74,505 at 6%; with 100% employer match about $83,818 at 4% or $55,878 at 6%.
The Principal Select Savings Plan for Individual Field-776$266,773,911$11,163,374$14,386iApproximate average salary by contribution assumption: employee only about $359,645 at 4% or $239,763 at 6%; with 50% employer match about $239,763 at 4% or $159,842 at 6%; with 100% employer match about $179,822 at 4% or $119,882 at 6%.
The Principal Welfare Benefit Plan for Medicare Eligible Retirees--$29,738,807$225,811-
Principal Financial Group Inc. Section 125 Cafeteria and Hsa Plan-6,047---
2019511,070$5,050,221,513$197,718,664$17,861iApproximate average salary by contribution assumption: employee only about $446,519 at 4% or $297,679 at 6%; with 50% employer match about $297,679 at 4% or $198,453 at 6%; with 100% employer match about $223,260 at 4% or $148,840 at 6%.
The Principal Select Savings Plan for Employees-10,398$2,963,643,283$155,934,140$14,997iApproximate average salary by contribution assumption: employee only about $374,914 at 4% or $249,943 at 6%; with 50% employer match about $249,943 at 4% or $166,628 at 6%; with 100% employer match about $187,457 at 4% or $124,971 at 6%.
The Principal Pension Plan-11,070$1,814,859,027$30,000,000$2,710iApproximate average salary by contribution assumption: employee only about $67,751 at 4% or $45,167 at 6%; with 50% employer match about $45,167 at 4% or $30,111 at 6%; with 100% employer match about $33,875 at 4% or $22,584 at 6%.
The Principal Select Savings Plan for Individual Field-822$244,124,631$11,515,357$14,009iApproximate average salary by contribution assumption: employee only about $350,224 at 4% or $233,483 at 6%; with 50% employer match about $233,483 at 4% or $155,655 at 6%; with 100% employer match about $175,112 at 4% or $116,741 at 6%.
The Principal Welfare Benefit Plan for Medicare Eligible Retirees-990$27,594,572$269,167$272iApproximate average salary by contribution assumption: employee only about $6,797 at 4% or $4,531 at 6%; with 50% employer match about $4,531 at 4% or $3,021 at 6%; with 100% employer match about $3,399 at 4% or $2,266 at 6%.
Principal Financial Group Inc. Section 125 Cafeteria and Hsa Plan-6,103---
2018511,244$4,181,189,342$159,305,013$14,168iApproximate average salary by contribution assumption: employee only about $354,200 at 4% or $236,133 at 6%; with 50% employer match about $236,133 at 4% or $157,422 at 6%; with 100% employer match about $177,100 at 4% or $118,067 at 6%.
The Principal Select Savings Plan for Employees-10,483$2,447,515,798$147,943,262$14,113iApproximate average salary by contribution assumption: employee only about $352,817 at 4% or $235,211 at 6%; with 50% employer match about $235,211 at 4% or $156,808 at 6%; with 100% employer match about $176,409 at 4% or $117,606 at 6%.
The Principal Pension Plan-11,244$1,507,440,132--
The Principal Select Savings Plan for Individual Field-857$200,959,482$11,045,069$12,888iApproximate average salary by contribution assumption: employee only about $322,202 at 4% or $214,801 at 6%; with 50% employer match about $214,801 at 4% or $143,201 at 6%; with 100% employer match about $161,101 at 4% or $107,401 at 6%.
The Principal Welfare Benefit Plan for Medicare Eligible Retirees--$25,273,930$316,682-
Principal Financial Group Inc. Section 125 Cafeteria and Hsa Plan-2,883---
2017511,025$4,572,617,953$321,321,273$29,145iApproximate average salary by contribution assumption: employee only about $728,620 at 4% or $485,746 at 6%; with 50% employer match about $485,746 at 4% or $323,831 at 6%; with 100% employer match about $364,310 at 4% or $242,873 at 6%.
The Principal Select Savings Plan for Employees-10,218$2,626,250,783$143,930,334$14,086iApproximate average salary by contribution assumption: employee only about $352,149 at 4% or $234,766 at 6%; with 50% employer match about $234,766 at 4% or $156,511 at 6%; with 100% employer match about $176,074 at 4% or $117,383 at 6%.
The Principal Pension Plan-11,025$1,692,727,319$166,000,000$15,057iApproximate average salary by contribution assumption: employee only about $376,417 at 4% or $250,945 at 6%; with 50% employer match about $250,945 at 4% or $167,297 at 6%; with 100% employer match about $188,209 at 4% or $125,472 at 6%.
The Principal Select Savings Plan for Individual Field-928$225,056,142$11,076,813$11,936iApproximate average salary by contribution assumption: employee only about $298,406 at 4% or $198,937 at 6%; with 50% employer match about $198,937 at 4% or $132,625 at 6%; with 100% employer match about $149,203 at 4% or $99,469 at 6%.
The Principal Welfare Benefit Plan for Medicare Eligible Retirees--$28,583,709$314,126-
Principal Financial Group Inc. Section 125 Cafeteria and Hsa Plan-2,916---
2016511,068$3,715,058,370$215,326,603$19,455iApproximate average salary by contribution assumption: employee only about $486,372 at 4% or $324,248 at 6%; with 50% employer match about $324,248 at 4% or $216,165 at 6%; with 100% employer match about $243,186 at 4% or $162,124 at 6%.
The Principal Select Savings Plan for Employees-9,970$2,180,799,680$134,850,416$13,526iApproximate average salary by contribution assumption: employee only about $338,140 at 4% or $225,427 at 6%; with 50% employer match about $225,427 at 4% or $150,285 at 6%; with 100% employer match about $169,070 at 4% or $112,713 at 6%.
The Principal Pension Plan-11,068$1,316,492,480$68,000,000$6,144iApproximate average salary by contribution assumption: employee only about $153,596 at 4% or $102,397 at 6%; with 50% employer match about $102,397 at 4% or $68,265 at 6%; with 100% employer match about $76,798 at 4% or $51,199 at 6%.
The Principal Select Savings Plan for Individual Field-1,158$190,557,427$12,174,570$10,513iApproximate average salary by contribution assumption: employee only about $262,836 at 4% or $175,224 at 6%; with 50% employer match about $175,224 at 4% or $116,816 at 6%; with 100% employer match about $131,418 at 4% or $87,612 at 6%.
The Principal Welfare Benefit Plan for Medicare Eligible Retirees--$27,208,783$301,617-
Principal Financial Group Inc. Section 125 Cafeteria and Hsa Plan-2,965---
2015211,079$1,405,049,897$133,458,229$12,046iApproximate average salary by contribution assumption: employee only about $301,151 at 4% or $200,768 at 6%; with 50% employer match about $200,768 at 4% or $133,845 at 6%; with 100% employer match about $150,576 at 4% or $100,384 at 6%.
The Principal Pension Plan-11,079$1,381,645,677$130,810,000$11,807iApproximate average salary by contribution assumption: employee only about $295,176 at 4% or $196,784 at 6%; with 50% employer match about $196,784 at 4% or $131,189 at 6%; with 100% employer match about $147,588 at 4% or $98,392 at 6%.
The Principal Pension Plan-226$23,404,220$2,648,229$11,718iApproximate average salary by contribution assumption: employee only about $292,946 at 4% or $195,297 at 6%; with 50% employer match about $195,297 at 4% or $130,198 at 6%; with 100% employer match about $146,473 at 4% or $97,649 at 6%.
2014111,314$1,373,563,280$115,000,000$10,164iApproximate average salary by contribution assumption: employee only about $254,110 at 4% or $169,407 at 6%; with 50% employer match about $169,407 at 4% or $112,938 at 6%; with 100% employer match about $127,055 at 4% or $84,703 at 6%.
The Principal Pension Plan-11,314$1,373,563,280$115,000,000$10,164iApproximate average salary by contribution assumption: employee only about $254,110 at 4% or $169,407 at 6%; with 50% employer match about $169,407 at 4% or $112,938 at 6%; with 100% employer match about $127,055 at 4% or $84,703 at 6%.