Principal Financial Group, Inc. 401(k) Plan: Login, Facts & Contact Information

Principal Financial Group, Inc. 401(k) Plan Facts

Plan name
THE PRINCIPAL SELECT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing with a company-stock (ESOP) component
Plan sponsor
PRINCIPAL FINANCIAL GROUP, INC.
Participants
17,890 (12,662 active employees)
Former employees with a balance
4,769
Plan assets
$4,579,548,793 at Dec 31, 2024
Average account balance
$262,378 across 17,454 accounts
Employer contributions
$76,067,723 in plan year 2024 (30% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1985
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $256.8 million went into the plan in contributions, $76.1 million of it from the employer (30%).
  • $352.4 million was paid out to participants.
  • Investment and other income added $542.0 million.
  • Administrative expenses were $1.01 million, about $58 per account.

How the Principal Financial Group, Inc. 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201914,392$2.96 billion$51.7 million$194.3 million
202014,695$3.33 billion$53.7 million$209.3 million
202114,771$3.96 billion$57.7 million$206.0 million
202216,811$3.61 billion$68.9 million$200.4 million
202317,955$4.13 billion$73.3 million$285.5 million
202417,890$4.58 billion$76.1 million$352.4 million

Principal Financial Group, Inc. 401(k) Contact Information

Phone
800-986-3343
Mailing address
711 HIGH ST, DES MOINES IA 503921200
Plan sponsor
PRINCIPAL FINANCIAL GROUP, INC.
Plan administrator
BENEFIT PLANS ADMINISTRATION COMMITTEE
Employer identification number (EIN)
42-1520346
Plan number
003

Questions about the Principal Financial Group, Inc. 401(k)

Does Principal Financial Group, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $76.1 million, 30% of all contributions.

Does the Principal Financial Group, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Principal Financial Group, Inc 401(k) plan?

17,890 participants at the start of plan year 2024, 12,662 of them active employees, and 4,769 former employees who still had money in the plan.

What is the average 401(k) balance at Principal Financial Group, Inc?

About $262,378 per account: $4.58 billion in plan assets across 17,454 accounts with a balance at the end of plan year 2024.

Who manages the Principal Financial Group, Inc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Principal Financial Group, Inc. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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