Retirement plans for employees

See how a holistic view can help deliver better outcomes and provide you greater effiencies.

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
for you

  • One dedicated and experienced team

  • One provider to monitor as a fiduciary2

  • One holistic view of your retirement plans

Achieve better outcomes.

It's true. Principal Total Retirement Solutions participants* are more likely to take actions that could help them be more prepared for retirement.3

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:


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See how Principal Total Retirement Solutions can help.

Contact your trusted business financial professional, or we can help you find one.

* TRS client = Principal DC clients that have at least one other plan type (DB, ESOP, NQ) with Principal.

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 Financial Group, participants in Principal Total Retirement Solutions compared to those in a single defined contribution (DC) plan, 12/31/2020.

4 The diversification rate calculates the percent of participants in plans with Salary Deferral Service (SDS) whose account balances meet our definition of a diversified line-up, which is at least 50% of the account balance is invested in one or more of the following: target date fund, balanced fund, age-based fund, OR invested in at least two different equity asset classes and one fixed income asset class; AND less than 20% of their account balance is invested in company stock.

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.

Time savings ranges from 17% to 50% annually dependent upon plan combination; 50% savings represents the plan combination of defined contribution and defined benefit.

Retirement engagement based on the difference between 73% engagement for single recordkeepers vs. 62% multiple recordkeepers.

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.