Retirement Plans

Total retirement readiness under one roof

You manage a lot of things. Let us lighten your load. With expertise in the major plan types and best-in-class service, we can help as you offer retirement benefits that work for your employees and your business.1

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

Talk to your advisor or give us a call to get started. 

Defined contribution plans with comprehensive services and institutional-quality investment management.
Offer a shared interest in your company’s future.
Extra savings for your key employees, beyond qualified plan limits
Reward loyalty and provide additional financial security.
Guarantees for your employees and your business.

Juggling multiple retirement plans with different service providers?

Streamline your offerings with Principal Total Retirement SuiteSM for a single point of contact. 

401(k) & 403(b) plans
Plan typeQualified
Contribution Limits2Deferrals 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 Limits2Maximum annual benefit: $210,000
Eligible Compensation$265,000
Restrictions Statutory & testing limits
Plan typeStock purchase
Contribution Limits2$53,000
Eligible Compensation$265,000
Restrictions Statutory & testing limits
Deferred compensation plans
Plan typeNonqualified
Contribution Limits2Typically few limits, if any3
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

Design your retirement plan to help employees be prepared for retirement and make informed financial decisions.

1 2016 Chatham Partners Client Satisfaction Survey.

2 Limits based on IRS and 2017 calendar year.

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