A better retirement begins here.

Principal announces powerful retirement and trust leadership team >

A powerful combination for customers, employees and shareholders

At Principal®, retirement is the heart of our business and will drive our future. We’re excited to announce that we’ve reached an agreement with Wells Fargo to acquire its Institutional Retirement & Trust business. This acquisition will further strengthen our ability to help people save enough, have enough and protect enough throughout their lifetime. A better retirement starts here.

Read the press release >

Listen to the May 7 acquisition update call led by Jerry Patterson, SVP—RIS1

What a better retirement
looks like

We believe people are better served by a company that has retirement as its core business.

See how we’re driving outcomes >

Building financial
security

A secure financial future goes beyond retirement—it means protecting the lifestyle our customers have built.

Discover our holistic approach to financial security >

Customers are at the center

It’s time to take innovation to a whole new level—creating meaningful, engaging experiences that help customers achieve their financial goals.

Learn how we’re boosting engagement >

This acquisition doubles the size of the retirement business at Principal2

7.5M

individuals

56,000

plans

$500B+

in assets

An industry leader

#3 Defined contribution plans2

#1 Defined benefit plans5

#1 Nonqualified plans6

#1 ESOP plans7

Largest provider of active, multi-managed target date funds in the U.S.8

Questions?

See frequently asked questions.

For Principal customers and business partners, call 800-986-3343

For media inquiries, call 515-362-0482

For investor inquiries, call 515-235-9500

1 95% of assets under management are from retirement and asset management operations.
2 Pro-Forma calculations based upon data as of December 31, 2017 provided by PLANSPONSOR 2018 Recordkeeping Survey and inclusive of shock lapse and new sales assumptions.
3 World’s Most Ethical Companies: Ethisphere Institute, February 2018.
4 Forbes, May 2018.
5 Based on number of plans, PLANSPONSOR Defined Benefit Administration survey, May 2019.
6 Based on total number of Section 409A plans, PLANSPONSOR 2018 NQDC Recordkeeping Survey, June 2018.
7 Based on number of plans, PLANSPONSOR Recordkeeping Survey, June 2017.
8 Based on data from the Morningstar 2018 Target-Date Fund Landscape report. “Active multi-managed target date funds” describes the underlying assets.