Strong oversight and the highest standards of governance.
Principal® Custody Solutions provides scalable trust and fiduciary services supported through a flexible service model.
To help you meet day-to-day obligations as a fiduciary, we build long-term relationships with your account holders through our asset servicing and investment management products and services. We’re here to learn and understand your organization—from how we can support your operational model to your short- and long-term goals.
Institutional trustee and fiduciary services include:
- Facilitation of master trust accounting
- Ability to act as directed trustee
- Collection of interest and dividends for all held securities
- Notification and processing of voluntary, mandatory, and corporate actions
- Collection of principal and interest on called bonds, redemptions, and maturities
- Monthly statements and online reporting with secure, 24/7 system access
- Participant 24/7 online access
- Process and distribute benefit payments
- Support for participants through the Engagement Center
We can act as your trustee for retirement plans including VEBAs, 401(k) plans, profit sharing plans, money purchase pension plans, and deferred compensation plans. We help safeguard your investments and provide fiduciary guidance to assist you with meeting your responsibilities.
We can also work with you to help manage your assets and offer Section 115 or VEBA trust document services under GASB. We provide trust services to help public sector employers set aside funds for future benefit obligations.
Have questions? Let’s talk.
Are you a retirement plan participant with a question? Get immediate answers from the Engagement Center at 877-877-1207.
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, a division of Principal Bank. 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 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 is scheduled to occur by March 2022. 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.
Principal Global Investors, Principal Bank, and Principal Trust Company are members of the Principal Financial Group®, Des Moines, Iowa 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. © 2021 Principal Financial Services, Inc.
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