Retirement plans for employees
See how a holistic view can help deliver better outcomes and provide you greater efficiencies.Get the research (PDF)
Simple, scalable retirement plan solutions with a single service provider.
Bringing innovative tools, resources and best-in-class service,1 and support to help you manage strong retirement benefits (PDF). Principal® Total Retirement Solutions helps you streamline your retirement plan administration and attract and retain top 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 financial wellness resource
A simple experience
One dedicated and experienced team
One provider to monitor as a fiduciary2
One holistic view of your retirement plans
A better experience for you and your employees.
Third-party research conducted by NMG Consulting shows that working with a single recordkeeper for multiple retirement plans can save you time and help your employees engage more effectively, so they can be better prepared for the future.3
Higher employee satisfaction
Businesses are 22% more likely to report higher employee satisfaction with their retirement plans when they work with a single recordkeeper.
As many as 14 working days could be saved annually by working with a single recordkeeper.4
Higher employee engagement
Businesses can see a nearly 20% increase in employee engagement when plan sponsors work with a single recordkeeper.5
We deliver tailored solutions for your unique business.
It comes down to expertise. 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 provider,1 you can get a comprehensive view of:
Defined contribution solutions
401(k) and 403(b) options to help employees save more
Nonqualified deferred compensation
Extra savings for employees beyond qualified plan limits
Trust and custody solutions (PDF)
Trustee, custody, and paying agency services to offer comprehensive service and support
See how Principal Total Retirement Solutions can help.
Contact 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 2021.
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.
3 Principal has summarized the analysis of the 2021, NMG Consulting multi-plan recordkeeping arrangements survey, commissioned by Principal. NMG Consulting is not affiliated any member of the Principal Financial Group.
4 Time savings ranges from 17% to 50% annually dependent upon plan combination; 50% savings represents the plan combination of defined contribution and defined benefit.
5 Retirement engagement based on the difference between 73% engagement for single recordkeepers vs. 62% multiple recordkeepers.
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.