Defined Benefit (Pension) · DOL Form 5500 · 2022

Principal Financial Group, Inc. Pension Plan

Data updated 2026-08-11

$50M
Total assets
11,793
Participants
88th
Percentile by assets
$4,240
Avg per participant
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Official DOL plan name: Principal Pension Plan for Certain Former Agents · Sponsored by Principal Financial Group, Inc. · Iowa · Finance & Insurance

$50M in assets, 11,793 participants

Principal Financial Group, Inc.'s Principal Pension Plan for Certain Former Agents reported $50M in total assets and 11,793 participants in its 2022 DOL Form 5500 filing, ranking in the 88th 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.

  • 88th percentile by assets (of 139,126 plans)
  • #7,485 in Finance & Insurance (9,261 peers)

Coverage in Iowa

Principal Pension Plan for Certain Former Agents covers 11,793 participants in Iowa, 19x the typical Iowa plan (state average ~609 per filing). Assets: $50M.

$50M
total plan assets (2022 EOY)
11,793
covered participants
88th
percentile by assets (of 139,126 plans)
$4,240
avg assets per participant

The plan reported a net loss of $682M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Principal Pension Plan for Certain Former Agents sits by total assets

Principal Pension Plan for Certain Former Agents vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$50,000,000 Top 12% higher than 88% of 139,123 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

State
Iowa
Industry
Finance & Insurance

Participants vs Iowa filers

In Iowa, the average filing covers about 609 participants across 1,246 plans. Principal Pension Plan for Certain Former Agents reports 11,793 participants - 19x that state average ($50M EOY assets).

Iowa filing particulars

Total Assets (Beginning of Year)$2.3B
Net Assets (End of Year)$27M
Net Income-$682M
Employer EIN421520346
Plan Effective Date1940-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Principal Financial Group, Inc.)

$5B$5.5B$6B$6.5B 202220232024 $5.21B $6.07B ▲ +16.5%
Total plan assets by year, all Principal Financial Group, Inc. plans on file
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.

Principal Pension Plan for Certain Former Agents vs. nearby Defined Benefit (Pension) plans in Iowa, assets vs. participants Scatter plot of 6 data points. 050001000015000 -0.500.511.522.5 Total assets ($B) Participants Principal Pension Pl…, Total assets ($B): 0.05 · Participants: 11793Principal Pension Pl…Transamerica Pension…, Total assets ($B): 2.230658092 · Participants: 6789Transamerica Pension…Principal Cash Balan…, Total assets ($B): 1.549488797 · Participants: 11788Principal Cash Balan…Midamerican Energy C…, Total assets ($B): 0.490129749 · Participants: 3321Midamerican Energy C…Employers Mutual Cas…, Total assets ($B): 0.320738549 · Participants: 2037Employers Mutual Cas…Non-Contributory Ret…, Total assets ($B): 0.286934779 · Participants: 1641Non-Contributory Ret…
Principal Pension Plan for Certain Former Agents vs. nearby Defined Benefit (Pension) plans in Iowa, assets vs. participants
Compare Principal Pension Plan for Certain Forme… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Principal Pension Plan for Certain Former Agents by total assets, not by location.

Frequently Asked Questions

How did Principal Pension Plan for Certain Former Agents assets move in 2022? ▼
Principal Pension Plan for Certain Former Agents contracted severely - down 97.8% during 2022, from $2.3B to $50M. Reported net income was -$682M.
How have Principal Financial Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Principal Financial Group, Inc.'s sponsor-wide assets grew 16.5%, from $5.2B to $6.1B.
Where does Principal Pension Plan for Certain Former Agents rank by assets among Form 5500 filers? ▼
Principal Pension Plan for Certain Former Agents ranks in the 88th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Principal Pension Plan for Certain Former Agents? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Imerys USA Pension Plan in GA ($50M, 372 participants).

Next read for Principal Pension Plan for Certain Forme…

Filing takeaways

Ways to act on Principal Pension Plan for Certain Former Agents's numbers.

  • By total assets, Principal Pension Plan for Certain Former Agents ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Iowa. Compare plans
  • Principal Financial Group, Inc.'s sponsor-wide assets have grown 16.5% since 2022 across 3 plan years on file. More Finance & Insurance plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 421520346.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.