Our robust data tells the financial story of health care workers.
You are the heart of what we do.
What do nurses consider a total rewards package?
Better wages are great but aren’t always enough for nurses. Find out what they say matters.
Health care retirement plans are the heart of our business:1
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Serving over 5,300 health care plans
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1.4+ million participants
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Over $40 billion in managed assets
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Nearly 500 hospital plan sponsors
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SOC2 aligned with HIPAA
You want what’s best for your team members—including a better retirement.
Health care workers are in unprecedented demand. Team members often find themselves juggling exhausting schedules, dealing with mental stress, student loan debt, and other financial commitments and personal obligations—all while trying to stay healthy.
Through our award-winning planning tools and financial wellness resources—like virtual 1:1 consultations and education sessions—we help make it simpler and more convenient for your team members to manage their financial future.
Listen to one of our health care clients and what they did to help their team members take the steps to become more financially secure.
No-cost tools you can use with confidence and confidentiality.
We offer a host of award-winning planning tools and resources to help get your team members on the path to financial wellness. Don’t just take our word for it, click on each tile to demo the experience.
Participant onboarding
The simple and quick way for team members to enroll in their retirement plan and get started on saving.
Principal® mobile app
Streamlined for on-the-go account management and to keep track of progress (also available in Spanish).2
Financial wellness resources
Unbiased financial education and student loan repayment program (through partnership with Enrich and SoFi).
Legal document support
Shows how to prepare documents such as a will and health care power of attorney—all at no additional cost.
Participant webinar series
Award-winning webinar series that presents foundational financial knowledge on a variety of topics participants want to learn more about.3
Let us help you build a robust retirement offering.
Today’s times have redefined the Health Care industry and brought new challenges—increased legislative regulations, privacy concerns and other cyber security threats, mergers and acquisitions, attracting and retaining team members, and much more.
When it comes to managing large, multi-faceted tax-exempt (403(b)), for-profit (401(k)), defined benefit, and nonqualified retirement plans, our team of seasoned specialists have in-depth expertise of your industry’s unique complexities and needs.
We’ve created a total retirement solution to help solve your plan administration challenges with scale and simplicity.
In addition, we built Principal Custody Solutions. With $1 trillion dollars under custody, we know what it takes to put your institutional trust and custody needs front and center.4
Defined benefit plan service provider5
Nonqualified plan service provider6
ESOP service provider7
provider
Principal is a top Total Retirement Solutions service provider8, 9
Pension risk transfer provider10
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Defined contribution service provider8
Award-winning industry recognition and client campaigns:
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Recognized top provider of financial wellness programs.11
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Our health care client participant campaigns have won numerous awards for retirement education, participation, and events and workshops.12,13
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Our participant website has won awards in the following: educational resources, tools and calculators.14
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Plan sponsor website ranked #1 out of more than 30 websites evaluated.15
Our corporate and community commitment:
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Best Places to Work for Disability Inclusion with a score of 100%.16
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2022 top 100 most sustainable company in America.17
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Included in Forbes Best Employers for Women.18
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One of America’s Best Employers for Diversity.19
In the large-mega plan market, Principal Financial Group® is enjoying the most positive momentum, earning significant increases in nine areas, including being easy to do business with, holistic financial wellness programs, and good value for the money, which are most influential to driving consideration.20
- As of Dec. 31, 2022.
- 4.8 star iOS App Store rating and 4.7 star Google Play Store rating as of Jan. 31, 2023. Standard data rates may apply.
- Retirement, Outstanding Investor Communication in Retirement Education, Large Asset Class - Participant Webinars, Investment Management Education Alliance (IMEA) STAR Awards, November 2022.
- Principal and Wells Fargo combined, 2022.
- Based on number of plans, PLANSPONSOR Defined Benefit Administration Survey, May 2021.
- Based on number of Section 409A plans, PLANSPONSOR Recordkeeping Survey, September 2021.
- Based on number of plans, 2022 PLANSPONSOR Recordkeeping Survey, July 2022.
- PLANSPONSOR Recordkeeping Survey, July 2022.
- PLANSPONSOR Defined Benefit Administration Survey, May 2021. Ranking is based on total number of DB plans.
- Based on total PRT assets, LIMRA Secure Retirement Institute, December 2021.
- ©Escalent. Cogent Syndicated, Retirement Plan Advisor Trends, September 2022.
- Investment Management Education Alliance (IMEA) STAR Award (2021).
- 2022 Pensions & Investments (P&I) Eddy Awards, March 2022.
- Corporate Insight, Retirement Plan Monitor Report, December 2022.
- Dalbar DC Web Monitor Program (Q2, 2022) June 30, 2022.
- Disability Equality Index (DEI), July 2022.
- Barron’s 2022 Top 100 Most Sustainable Company in America. Principal is ranked 7th—a jump of 59 spots from its 2021 ranking, February 2022.
- Ranked No. 160 on Forbes list of Best Employers for Women, July 2022.
- Ranked No. 56 on Forbes list of America's Best Employers for Diversity, April 2022.
- ©Escalent. Cogent Syndicated, Retirement Planscape®, May 2021.
The value-added resources provided through ARAG Services, LLC (ARAG®) and iGrad, Inc. (Enrich) are not a part of any insurance products and plan administrative services provided through Principal Life Insurance Co. or affiliated with any company of the Principal Financial Group®. All resources may be changed or canceled at any time. The use of resources provided by ARAG Services, LLC or Enrich should not be considered a substitute for consultation with an attorney or advisor. Principal® is not responsible for any loss, injury, claim, liability, or damages related to the use of the ARAG Will & Legal Document Center or Enrich resources.
Please remember that the ARAG legal documents, DIY Docs® are accurate and useful in many situations. Due to possible changes by a state, it is a good idea to periodically review a template used to be sure it is the most current template. Whether or not the document is right for you and your situation depends on your circumstances. If you want specific advice regarding your situation, consult an attorney.
Information is intended to be educational in nature and is not intended to be taken as a recommendation.
Retirement professionals provide education, which may be helpful in making personal retirement decisions. Responsibility for those decisions is assumed by the participant, not by any member of Principal®. Participants should regularly review their savings progress and post-retirement needs.
Insurance products and plan administrative services provided through Principal Life Insurance Company®. Securities offered through Principal Securities, Inc., member SIPC and/or independent broker-dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, Iowa 50392. Certain investment options may not be available in all states or U.S. commonwealths.
Principal®, Principal Financial Group®, and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States and are trademarks and service marks of Principal Financial Services, Inc., in various countries around the world.
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