Defined Benefit (Pension) · DOL Form 5500 · 2022
Principal Financial Group, Inc. Pension Plan
Data updated 2026-08-25
- $1.5B
- Total assets Very large vs avg
- 11,788
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $131,446
- Avg per participant Near avg balance/head
Official DOL plan name: Principal Cash Balance Plan · Sponsored by Principal Financial Group, Inc. · Iowa · Finance & Insurance
$1.5B in assets, 11,788 participants
Principal Financial Group, Inc.'s Principal Cash Balance Plan reported $1.5B in total assets and 11,788 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.
- #9,121 in Finance & Insurance (9,261 peers)
Coverage in Iowa
Principal Cash Balance Plan covers 11,788 participants in Iowa, 19x the typical Iowa plan (state average ~609 per filing). Assets: $1.5B.
- #9,121
- in Finance & Insurance (9,261 peers)
- 16×
- vs typical plan assets (national mean)
Principal Cash Balance Plan's outsized position by total assets
Principal Cash Balance Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$1,549,488,797 Top 1% higher than 99% 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
Principal Cash Balance 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. Principal Cash Balance Plan is a mega filing (11,788 participants), the rightmost band on the breakdown.
EBSA filing schedule strip
Filing strip 421520346 · Principal Financial Group, Inc. PY 2022 · Defined Benefit (Pension)
Principal Cash Balance Plan · $1.5B · 11,788 · 99th
- 5500 $1.5B
- 5500 11,788
- 5500 99th
- 5500 Defined Benefit (Pension)
- 5500 near Boehringer Ingelheim USA Corporation & Its Affiliates Retirement Plan
- 5500 ind #9121
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 →
Principal Cash Balance Plan in the asset neighbourhood
Iowa filing particulars
| Total Assets (Beginning of Year) | N/A |
|---|---|
| Net Assets (End of Year) | $1.5B |
| Employer EIN | 421520346 |
| Plan Effective Date | 2022-12-31 |
| 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 Defined Benefit (Pension) Plans in Iowa
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Transamerica Pension Plan $2.2B · 6,789
- Midamerican Energy Company Retirement Plan $490M · 3,321
- Employers Mutual Casualty Company Retirement Plan $321M · 2,037
- Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc. $287M · 1,641
- Fbl Financial Group Retirement Plan $262M · 666
Principal Cash Balance Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Iowa, the nearest Defined Benefit (Pension) by assets is Boehringer Ingelheim USA Corporation & Its Affiliates Retirement Plan in CT ($1.6B); by covered participants it is Ford Motor Company General Retirement Plan in MI (11,760 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.5B here).
- Boehringer Ingelheim USA Corporation & Its Affiliates Retirement Plan (CT) $1.6B · 7,265
- Medtronic Retirement Plan (MN) $1.6B · 1,131
- Graphic Communications Conference National Pension Fund (IL) $1.6B · 747
- Ppl Retirement Plan (PA) $1.6B · 1,247
Similar participant headcount
Nearest other-state filings by covered participants (11,788 participants); asset peers above are excluded.
- Ford Motor Company General Retirement Plan (MI) 11,760 · 28 off
- SEIU Affiliates Officers and Employees Pension Plan (DC) 11,828 · 40 off
- Massachusetts Institute of Technology Basic Retirement Plan (MA) 11,835 · 47 off
- General Motors Salaried Retirement Program (MI) 11,699 · 89 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.