Pension Plans for Employees

Rewarding loyalty and providing additional financial security

The Principal® is the number one provider of Defined Benefit (DB) pension plans1 and a leader in pension risk management2. We offer more than 70 years of experience3, serve 2,400 defined benefit (DB) pension plans, and have nearly $18 billion in assets under management4.  

Our solutions include:

  • Traditional DB and cash balance plans, active or frozen
  • Full-service arrangements
  • Outsourced arrangements, working with your outside actuary, third-party administrator (TPA), and/or Registered Investment Advisor

Call us at 800-952-3343 ext. 22681, or find an advisor near you to learn how our experienced team can help you with your defined benefit plan.

Industry-leading services and support for active and frozen plans

Our team provides robust risk management capabilities and solution-neutral support, helping you to understand and evaluate all your options.

We give you access to the right people, investments, and insurance products to help your organization mitigate risk, invest wisely, and manage your pension plan effectively.

Our services include:

  • Proactive support from a team of 25 independent enrolled actuaries with an average of more than 23 years of experience5
  • A broad range of risk management capabilities, including liability driven investing, dynamic asset allocation, plan design, lump sums and annuity purchases
  • Strategic outsourcing for professional data management and plan administrative services
  • Expertly managed investment choices, including mutual funds and a group annuity platform that offers a suite of liability driven investment options
  • Termination support, from developing a cost effective and efficient exit strategy to managing the final distribution of assets to participants
  • Access to Principal Financial Advisors investment advisory services6 for help customizing your asset allocation and making ongoing investment decisions7


Do you offer employee benefits through us?

Manage your benefits online.

Need assistance with your benefits?

We’re here to help.

Learn more about our retirement plans

Call us at 800-952-3343 ext. 22681 to discuss your options.

Find an Advisor Near You

You’re busy enough. Let us help. Get smart, reliable guidance from a financial professional.

1 PLANSPONSOR DB Administration survey, July 2015

2 The Principal is ranked "Best in Class" for actuarial consulting skills and services, including providing guidance to effectively manage my DB plan, Chatham Partners 2014 Client Satisfaction Survey.

3 As of September 30, 2015

4 As of June 30, 2015

5 As of December 31, 2014

6 Principal Financial Advisors, Inc. is a registered investment adviser and member company of the Principal Financial Group®. Asset Allocation strategies are developed using Separate Accounts available through a group annuity contract of Principal Life Insurance Company.

7 When Principal Financial Advisors are appointed as the plan's ERISA Section 3(38) investment manager