Streamlining benefit payments to help administer your retirement plans.

There are a lot of moving parts to support the process of making retirement benefit payments. We can help you simplify it all including acting as paying agent for benefit payments, reporting, and related tax support services. With a secure electronic link to benefit records, distributions, and retiree payment information, you can administer the financial elements of your benefit plans all in one place.

Our intuitive technology platform gives you instant online access to payment records for benefit recipients including current and prior payments, withholdings, deductions by type, and individual recipient profiles. You can also access up to three years of payment history for any payee.

Easy access and intuitive links help you take the following actions:

  • Search for a payee to create periodic or lump sum payment.
  • Use file transfer to upload multiple benefit requests in PDF, Excel or CSV formats.
  • Create and share custom reports using our flexible reporting capabilities, or build custom data extracts for use in other applications.
  • Participant web experience to summarize distribution information.
Reach Out

Have questions? Let’s talk.

See how Principal® Custody Solutions could help you reach your unique goals.

Request to speak with a specialist

If you are either a retirement plan participant or retiree with a payment question, call our Engagement Center between 7 am and 5 pm CT at 877-877-1207 for help.

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 advisors on all matters pertaining to legal, tax, investment or accounting obligations and requirements. The information shown is not intended to provide any suggestion that you engage in or refrain from taking a particular course of action.

Principal Global Advisors is a specialized investment management group within Principal Global Investors®. Principal Global Investors leads global asset management at Principal®.

Custody and trust services are provided by Principal Bank®, Member FDIC, and/or Principal Trust Company®. These services are provided under the trade name Principal® Custody Solutions. Principal Trust Company is a trade name of Delaware Charter Guarantee & Trust Company.

When Principal Custody Solutions is providing investment management services, Principal Custody Solutions serves as the investment manager or discretionary trustee, but leverages the investment expertise of Principal Global Advisors. Customers may also contract directly with Principal Global Advisors for investment management services. In those instances, Principal Custody Solutions serves solely in a custodial or trustee capacity. Please refer to your underlying service agreements for details.

Principal Global Investors, Principal Bank, and Principal Trust Company are members of the Principal Financial Group®, Des Moines, Iowa 50392.

Principal®, Principal Financial Group®, and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States and are trademarks and services marks of Principal Financial Services, Inc., in various countries around the world.

Investment and insurance products are:

  • Not insured by the FDIC or any Federal Government Agency
  • Not a Deposit or Other Obligation of, or Guaranteed by, Principal Bank or Any Bank Affiliate
  • Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested