Defined Benefit (Pension) · DOL Form 5500 · 2022

Principal Financial Group, Inc. Pension Plan

Data updated 2026-08-25

$50M
Total assets Below avg plan size
11,793
Participants Very large workforce
88th
Percentile by assets National rank
$4,240
Avg per participant Low balance/head
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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.

  • #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.

#7,485
in Finance & Insurance (9,261 peers)
-97.8%
assets change YoY
0.5×
vs typical plan assets (national mean)

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.

Principal Pension Plan for Certain Former Agents's outsized position 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 $2,050,000,000 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

Principal Pension Plan for Certain Former Agents'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 Pension Plan for Certain Former Agents is a mega filing (11,793 participants), the rightmost band on the breakdown.

Form 5500 schedule snapshot

Filing strip 421520346 · Principal Financial Group, Inc. PY 2022 · Defined Benefit (Pension)

Principal Pension Plan for Certain Former Agents · $50M · 11,793 · 88th

  • NET $50M
  • BOOK 11,793
  • VS-ST 88th
  • BOY Defined Benefit (Pension)
  • SCH near Imerys USA Pension Plan
  • EBSA ind #7485

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 Pension Plan for Certain Former Agents in the asset neighbourhood

Pension Plan for Employees of Phipps Houses and AffiliatesPension Plan for Employees o…$50MImerys USA Pension Plan$50MPrincipal Pension Plan for Certain Former AgentsPrincipal Pension Plan for C…$50MThe Tenacre Foundation Pension PlanThe Tenacre Foundation Pensi…$50MTidewater Electrical Industry Pension FundTidewater Electrical Industr…$50M
End-of-year total assets ($M) among Principal Pension Plan for Certain Former Agents and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

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.)

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
$5B$5.5B$6B$6.5B 202220232024 $5.21B $6.07B ▲ +16.5%
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 ($B) Participants Principal Pension Plan for Certain Former Agents, Total assets ($B): 0.05 · Participants: 11793Principal Pension Plan for Certain Former AgentsTransamerica Pension Plan, Total assets ($B): 2.230658092 · Participants: 6789Transamerica Pension PlanPrincipal Cash Balance Plan, Total assets ($B): 1.549488797 · Participants: 11788Principal Cash Balance PlanMidamerican Energy Company Retirement Plan, Total assets ($B): 0.490129749 · Participants: 3321Midamerican Energy Company Retirement PlanEmployers Mutual Casualty Company Retirement Plan, Total assets ($B): 0.320738549 · Participants: 2037Employers Mutual Casualty Company Retirement PlanNon-Contributory Retirement Program for Certain Employees of Wellmark, Inc., Total assets ($B): 0.286934779 · Participants: 1641Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc.
Principal Pension Plan for Certain Former Agents vs. nearby Defined Benefit (Pension) plans in Iowa, assets vs. participants
Compare Principal Pension Plan for Certain Former Agents side-by-side with 3 peers →

Principal Pension Plan for Certain Former Agents's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Iowa, the nearest Defined Benefit (Pension) by assets is Imerys USA Pension Plan in GA ($50M); 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 ($50M here).

Similar participant headcount

Nearest other-state filings by covered participants (11,793 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Principal Pension Plan for Certain Former Agents? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Ford Motor Company General Retirement Plan in MI (11,760 participants, $13.4B in assets).

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.