Retirement Plans

Total retirement readiness under one roof

Best-in-class service. Leading expertise in every major retirement plan type. With The Principal as your retirement plan service provider, it’s easier to offer benefits that work for your employees and your business.

Choose from a variety of retirement plans, or combine them for a total retirement solution with the Principal Total Retirement SuiteSM. We’re here for you, no matter what.

Talk to your advisor to help you get started.

Defined contribution plans with extra tax advantages
Offer shared interest in your company’s future
Extra savings for your key employees, beyond qualified plan limits
Rewarding loyalty and providing additional financial security
Take care of your employees while we take care of helping you

Our retirement plans feature a wide variety of investment options designed to simplify your benefits administration (and make doing business easier).

Juggling multiple retirement plans with different providers?

Streamline your offerings with the Principal Total Retirement SuiteSM for a single point of contact and no administrative headaches.

401(k) & 403(b) plans
Plan typeQualified
Contribution LimitsDeferrals per year under age 50: $18,000
Deferrals per year over age 50: $24,000
Total company contributions: $53,000
Eligible Compensation$265,000
Restrictions Statutory & testing limits
Pension plans
Plan typeQualified
Contribution LimitsMaximum annual benefit: $210,000
Eligible Compensation$265,000
Restrictions Statutory & testing limits
Plan typeStock purchase
Contribution Limits$53,000
Eligible Compensation$265,000
Restrictions Statutory & testing limits
Deferred compensation plans
Plan typeNonqualified
Contribution LimitsTypically few limits, if any1
Eligible CompensationAny amount
Restrictions No restrictions

Do you offer employee benefits through us?

Manage your benefits online.

Looking for rates and values?

See performance data for Principal Funds, as well as annuities and other life insurance products.

Automatic rollover services

Principal Bank offers an automatic rollover service that can help save time, save money, and reduce fiduciary risk.

More for small businesses

Review additional retirement solutions like Principal Funds SEP IRA and Principal Funds SIMPLE IRA


Help with creating a total retirement solution

Designing your retirement plan to drive better outcomes

Find out how to design your retirement plan to help employees be prepared for retirement and make informed financial decisions.

Group of people talking about trends in nonqualified deferred compensation plans.

Trends in nonqualified deferred compensation plans

See why employers are big on nonqualified deferred compensation plans and why key employees want to participate. This 2015 study provides an inside look.

1 Except 457(b) plans, which allow $18,000 combined contribution for both participant and the plan sponsor