Defined Benefit (DB)
employer pension plans

Having a defined benefit (DB) pension plan has offered your employees a valuable benefit that rewards loyalty with financial security. Whether your plan is active or frozen with intentions to terminate it, we have resources to help.

Principal is the No. 1 service provider of DB pension plans1.

Chat with one of our specialists today

Our team of DB specialists can help you manage your plan to work with your business goals and your employees’ best interests.

Talk to a specialist

Our patent-pending process will help meet your unique needs.

As a leader in DB pension plan service providers and pension risk transfer2, we have services that can help you manage plans that work for your business goals and your employees’ best interests.

Principal® Complete Pension Solution3 has a unique approach and a breadth of integrated plan services such as administrative, actuarial, investment management, trust and custody, and pension risk transfer services.

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Manage the cost of your plan

Help ease pressure on your bottom line.

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Manage volatility and funded status risk

Market swings in 2020 may be a good reason to review your strategy and help take volatility out of the plan. And, track the essential financial statistics with our risk management dashboard.

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Navigate regulations and the impact on your plan

We’ll help you track the regulations in order to help you understand the rules and stay in compliance.

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Develop a strategy to terminate your plan

Reduce volatility and limit balance sheet exposure with a formal termination strategy.

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Pension risk transfer reduces your liability

We'll work with your business to implement and manage a pension risk transfer solution.

Resources to help manage your plan

Help avoid unwanted volatility and costs and keep your pension plan’s goals on track with these tips and insights from our defined benefit team.

View our plan management FAQ

Our DB specialists can help

Give us a call


Monday – Friday, 7 a.m. – 7 p.m. CT

Have a specialist call you

One of the professionals on our DB team will reach out to you to help get you some answers to your questions.

Speak to a specialist

1 PLANSPONSOR DB Administration Survey, May 2018.

2 Based on single premium product sales. LIMRA, 2018.

The patent pending process can include:

  • Comprehensive defined benefit services—choices include administration, trust, and custody of plan assets.
  • State of the art technology integrating plan services such as administrative, actuarial, investment management, and pension risk transfer services.
  • An up-front examination and review of your participant data to help ensure it’s in good order for ongoing administration or plan termination.
  • Offer a commitment to quote an annuity when you are ready to permanently transfer risk.

Investing involves risk, including possible loss of principal. Asset allocation and diversification do not ensure a profit or protect against a loss.

Investment advisory services offered through Principal Global Advisors (PGA). 

Principal Global Advisors is a specialized investment management group within Principal Global Investors.  Principal Global Investors leads global asset management at Principal®.  Asset allocation strategies are developed using Separate Accounts available through a group annuity contract of Principal Life Insurance Company. 

Asset allocation strategies are developed using Separate Accounts available through a group annuity contract of Principal Life Insurance Company.

Separate Accounts are available through a group annuity contract with Principal Life Insurance Co. Insurance products and plan administrative services provided through Principal Life Insurance Company, a member of the Principal Financial Group, Des Moines, Iowa 50392. See the group annuity contract for the full name of the Separate Account. Certain investment options and contract riders may not be available in all states or U.S. commonwealths. Principal Life Insurance Company reserves the right to defer payments or transfers from Principal Life Separate Accounts as permitted by the group annuity contracts providing access to the Separate Accounts or as required by applicable law. Such deferment will be based on factors that may include situations such as: unstable or disorderly financial markets; investment conditions which do not allow for orderly investment transactions; or investment, liquidity, and other risks inherent in real estate (such as those associated with general and local economic conditions). If you elect to allocate funds to a Separate Account, you may not be able to immediately withdraw them.