401(k) and 403(b) Retirement Plans

Save automatically for a secure retirement.

The 401(k) and 403(b) are the most common employer-sponsored retirement plans, helping millions save toward their retirement.

Both plans feature:

  • Automatic payroll deductions to make saving effortless
  • Reduced tax liability, since certain contributions lower your taxable income
  • Matched contributions from some employers, up to a certain percent (check with your benefits administrator)
  • Long-term savings growth opportunity across a variety of investment options

Does your employer offer a 401(k) or 403(b) plan through The Principal? Enroll online today

Already enrolled in a 401(k) or 403(b) with us?

You may want to consider increasing your contributions—even a small increase today could grow into a much larger difference by retirement.

Understand the cost of a 401(k) loan.

Thinking about taking a loan from your retirement savings to cover other expenses? The key word is caution: find out about the provisions, terms, and fees first. And keep in mind that taking out a 401(k) or 403(b) loan usually means you’ll lose money in the long run.

  • You’ll miss out on potential growth and compounding of your earnings (which could be a lot more than you think).
  • You’ll pay taxes on the money you use to repay your loan.
  • You may owe initial set-up and quarterly loan fees.
  • Loan interest rates could cost you even more.

Log into your account for more details about 401(k) and 403(b) loans, and be sure to talk to an advisor before you make a decision.

Is your 401(k) or 403(b) plan administered through The Principal®?

Access your account information online.

Interested in rolling over retirement funds?

Call us at 800-547-7754 to talk about rolling over past retirement savings into your employer-sponsored retirement plan, or 800-247-8000 ext. 472 to discuss other rollover options.

Help for a more secure retirement

College vs. Retirement: Navigating the Savings Dilemma

Learn how to prioritize between saving money for education and saving for retirement—while still having enough left over for everything else.

Saving vs. Spending: How to Prioritize When You’re Beginning Your Career

Catch-Up Contributions: How Do They Work?

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