401(k) · DOL Form 5500 · 2022
Principal Financial Group, Inc. 401(k) Plan
Data updated 2026-08-25
- $3.6B
- Total assets Very large vs avg
- 12,201
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $296,156
- Avg per participant High balance/head
Official DOL plan name: The Principal Select Savings Plan · Sponsored by Principal Financial Group, Inc. · Iowa · Finance & Insurance
$3.6B in assets, 12,201 participants
Principal Financial Group, Inc.'s The Principal Select Savings Plan reported $3.6B in total assets and 12,201 participants in its 2022 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #9,201 in Finance & Insurance (9,261 peers)
Coverage in Iowa
The Principal Select Savings Plan covers 12,201 participants in Iowa, 20x the typical Iowa plan (state average ~609 per filing). Assets: $3.6B.
- #9,201
- in Finance & Insurance (9,261 peers)
- -8.8%
- assets change YoY
- 36×
- vs typical plan assets (national mean)
The plan reported a net loss of $592M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
The Principal Select Savings Plan's outsized position by total assets
The Principal Select Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$3,613,396,259 Highest reported value at or above every one of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
The Principal Select Savings Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Principal Select Savings Plan is a mega filing (12,201 participants), the rightmost band on the breakdown.
Published 5500 schedule card
Filing strip 421520346 · Principal Financial Group, Inc. PY 2022 · 401(k)
The Principal Select Savings Plan · $3.6B · 12,201 · 100th
- NET $3.6B
- BOOK 12,201
- VS-ST 100th
- BOY 401(k)
- SCH near Michelin 401(k) Savings Plan
- EBSA ind #9201
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Iowa →
The Principal Select Savings Plan in the asset neighbourhood
Iowa filing particulars
| Total Assets (Beginning of Year) | $4.0B |
|---|---|
| Net Assets (End of Year) | $3.6B |
| Net Income | -$592M |
| Employer EIN | 421520346 |
| Plan Effective Date | 1985-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Principal Financial Group, Inc.)
Sponsor-wide plan assets over time
All Principal Financial Group, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $6.1B 16.49531919009572% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 36,517 | $5.2B |
| 2023 | 3 | 25,319 | $5.9B |
| 2024 | 3 | 24,786 | $6.1B |
Nearby 401(k) Plans in Iowa
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Iowa Health System Section 401(k) Retirement Savings Plan $2.7B · 28,603
- The Hy-Vee and Affiliates 401(k) Plan $2.4B · 59,826
- The Rsm US LLP Retirement Plan $2.3B · 13,793
- Transamerica 401(k) Retirement Savings Plan $2.1B · 7,262
- Midamerican Energy Company Retirement Savings Plan $1.3B · 4,986
Scale composition for The Principal Select Savings Plan
The Principal Select Savings Plan reports $3.6B in end-of-year assets across 12,201 participants (0.029% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.013% of 93,925,755 covered participants) - about $296,156 per participant (2.1x the national average assets-per-participant) . Net income for plan year 2022 was -$592M.
This plan identity (EIN 421520346, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $3.6B to $4.6B (+26.7%) while covered participants moved from 12,201 to 12,841 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 12,201 | $3.6B | This page |
| 2023 | 12,827 | $4.1B | Open filing |
| 2024 · index core | 12,841 | $4.6B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- The Principal Select Savings Plan (401(k), $4.6B, 12,841 participants)
- Principal Cash Balance Plan (Defined Benefit (Pension), $1.5B, 11,945 participants)
The Principal Select Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Iowa, the nearest 401(k) by assets is Michelin 401(k) Savings Plan in SC ($3.6B); by covered participants it is Delta 401(k) Retirement Plan for Pilots in GA (12,193 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($3.6B here).
- Michelin 401(k) Savings Plan (SC) $3.6B · 13,708
- Eversource 401(k) Plan (CT) $3.6B · 9,111
- Northwestern Memorial Employee 401(k) Pre-Tax Savings Plan (IL) $3.6B · 31,855
- Willis Towers Watson Savings Plan for U.S. Employees (VA) $3.6B · 16,624
Similar participant headcount
Nearest other-state filings by covered participants (12,201 participants); asset peers above are excluded.
- Delta 401(k) Retirement Plan for Pilots (GA) 12,193 · 8 off
- Quad/Graphics Diversified Plan (WI) 12,210 · 9 off
- Acs Solutions 401(k) Plan (GA) 12,152 · 49 off
- Baxter International Inc. and Subsidiaries U.S. Retirement Savings Plan (IL) 12,263 · 62 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.