Retirement plans for employees
Simple, scalable retirement plan solutions with a single service provider.
Bringing innovative tools, resources and best-in-class service1 and support to help you manage strong retirement benefits (PDF). Principal® Total Retirement Solutions helps you streamline your retirement plan administration and recruit and retain talent.
Discover the power of one
A simple experience for your employees
- One call when they need help
- One mobile app to view plan info
- One consolidated account view
- One education approach
- One financial wellness resource
A simple experience for you
- One experienced relationship manager
- One digital platform
- One holistic view of your retirement plans
- One provider to submit plan data
- One provider to monitor as a fiduciary2
Why Principal®?
It comes down to scale and experience. Scale helps drive costs down when it comes to multiple plans. When you work with a retirement-focused company, you get expertise and assistance in managing your plan with holistic data and actionable insights.
By working with a leading service provider1, you can get a comprehensive view of:
Defined contribution solutions
401(k) and 403(b) options to help employees save more
Pension solutions
Defined benefits plans and pension risk transfer to help meet your goals
Nonqualified deferred compensation
Extra savings for employees beyond qualified plan limits
Stock plan solutions
Equity awards, employee stock purchase plans, and employee stock ownership plans to help recruit, retain, and reward your employees
Trust and custody solutions
Trustee, custody, and paying agency services (PDF) to offer comprehensive service and support
Bonus plans
Help your top people overcome limitations on qualified retirement plans with an added benefit they value
Reach out to your trusted business financial professional or we can help you find one.
1 Top 3 defined contribution provider by number of participants, according to the annual PLANSPONSOR Recordkeeping Survey, July 2020. This internal statistical data is as of Dec. 31, 2019, and representative of plan services on the Principal® and Wells Fargo Institutional Retirement & Trust systems. Please note: Adding numerical data together may not show a true representation of the data.
2 One provider is in reference to the plan recordkeeper or if applicable, Pooled Plan Provider. If you delegate to other providers such as a 3(38), you'll need to monitor as well.
No. 1 ESOP provider by number of plans, according to the annual PLANSPONSOR Recordkeeping survey, July 2020.
No. 1 defined benefit recordkeeper by number of plans. Source: PLANSPONSOR Defined Benefit Administration SurveyMay 2020.
No. 1 non-qualified provider based on total number of Section 409A plans. PLANSPONSOR Recordkeeping survey, July 2020.
No. 3 Pension risk transfer provider. Based on total PRT assets, LIMRA Secure Retirement Institute, as of 12/31/2019.
No. 3 Deferred income annuity provider. Based on premium, LIMRA Secure Retirement Institute, as of 12/31/2019.
No. 4 Immediate annuity provider. Based on premium, LIMRA Secure Retirement Institute, as of 12/31/2019.
The subject matter in this communication is educational only and provided with the understanding that Principal® is not rendering legal, accounting, investment advice or tax advice. You should consult with appropriate counsel or other professionals on all matters pertaining to legal, tax, investment or accounting obligations and requirements.
Principal Financial Group closed the acquisition of certain assets of the Wells Fargo Institutional Retirement and Trust business (IRT) on July 1, 2019. The transition, transfer, and integration of IRT business operations, employees, and clients will occur over the following 24 months. During the transition period, Wells Fargo Bank, N.A., a bank affiliate of Wells Fargo & Company, will continue to operate and service the IRT business for the benefit of Principal®, including providing recordkeeping, trustee, and/or custody services. Wells Fargo has not reviewed the content of the attached material and makes no judgment of its accuracy.
Trust and Custody services are offered through Principal Trust CompanySM and/or Principal Bank®, member FDIC. Principal Trust Company is a trade name of Delaware Charter Guarantee & Trust Company. Principal Trust Company and Principal Bank are members of the Principal Financial
Group®, Des Moines, IA 50392.
Insurance products and plan administrative services provided through Principal Life Insurance Co., a member of the Principal Financial Group®, Des Moines, IA 50392.
Principal, Principal and symbol design and Principal Financial Group are trademarks and service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.