401(k) · DOL Form 5500 · 2023
Principal Life Insurance Company 401(k) Plan
Data updated 2026-08-11
- $384M
- Total assets
- 72,266
- Participants
- 97th
- Percentile by assets
- $5,316
- Avg per participant
Official DOL plan name: Principal Ease 401(k) Plan · Sponsored by Principal Life Insurance Company · Iowa · Finance & Insurance
$384M in assets, 72,266 participants
Principal Life Insurance Company's Principal Ease 401(k) Plan reported $384M in total assets and 72,266 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 127,072 plans)
- #8,388 in Finance & Insurance (8,869 peers)
Coverage in Iowa
Principal Ease 401(k) Plan covers 72,266 participants in Iowa, 119x the typical Iowa plan (state average ~609 per filing). Assets: $384M.
- $384M
- total plan assets (2023 EOY)
- 72,266
- covered participants
- 97th
- percentile by assets (of 127,072 plans)
- $5,316
- avg assets per participant
Where Principal Ease 401(k) Plan sits by total assets
Principal Ease 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$384,157,839 Top 3% higher than 97% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Principal Ease 401(k) Plan reported net income rose from $32M in the plan year 2022 filing to $119M in the plan year 2023 filing.
- Principal Ease 401(k) Plan end-of-year assets rose from $154M in the plan year 2022 filing to $384M in the plan year 2023 filing.
- Principal Ease 401(k) Plan reported participants rose from 36,054 in the plan year 2022 filing to 72,266 in the plan year 2023 filing.
Participants vs Iowa filers
In Iowa, the average filing covers about 609 participants across 1,246 plans. Principal Ease 401(k) Plan reports 72,266 participants - 119x that state average ($384M EOY assets).
Iowa filing particulars
| Total Assets (Beginning of Year) | $154M |
|---|---|
| Net Assets (End of Year) | $384M |
| Net Income | $119M |
| Employer EIN | 420127290 |
| Plan Effective Date | 2021-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Principal Life Insurance Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 41,384 | $742M |
| 2023 | 4 | 80,191 | $1.3B |
| 2024 | 3 | 129,388 | $1.7B |
Nearby 401(k) Plans in Iowa
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Principal Select Savings Plan $4.1B · 12,827
- Iowa Health System Section 401(k) Retirement Savings Plan $3.0B · 28,959
- The Hy-Vee and Affiliates 401(k) Plan $2.9B · 56,181
- The Rsm US LLP Retirement Plan $2.9B · 14,720
- Transamerica 401(k) Retirement Savings Plan $2.4B · 6,999
Scale composition for Principal Ease 401(k) Plan
Principal Ease 401(k) Plan reports $384M in end-of-year assets across 72,266 participants (0.003% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.077% of 93,925,755 covered participants) - about $5,316 per participant (4% of the national average assets-per-participant) . Net income for plan year 2023 was $119M.
This plan identity (EIN 420127290, plan #334) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $154M to $651M (+323.6%) while covered participants moved from 36,054 to 121,032 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 36,054 | $154M | Open filing |
| 2023 | 72,266 | $384M | This page |
| 2024 · index core | 121,032 | $651M | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Thrivewise Pooled Employer Plan (401(k), $997M, 8,111 participants)
- Principal Ease 401(k) Plan (401(k), $651M, 121,032 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Principal Ease 401(k) Plan by total assets, not by location.
- Pro Mach, Inc. Retirement Savings Plan (KY) $384M · 3,189
- The Sharp Employees Savings and Investment Plan (NJ) $384M · 1,698
- Gordon Rees Scully Mansukhani, LLP 401(k) Retirement Plan (CA) $385M · 2,072
- Lg Electronics Retirement Plan (NJ) $384M · 2,987
Frequently Asked Questions
How did Principal Ease 401(k) Plan assets move in 2023? ▼
How have Principal Life Insurance Company plan assets changed over time? ▼
Where does Principal Ease 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Principal Ease 401(k) Plan? ▼
Next read for Principal Ease 401(k) Plan
Filing takeaways
Ways to act on Principal Ease 401(k) Plan's numbers.
- By total assets, Principal Ease 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Iowa. Compare plans
- Principal Life Insurance Company's sponsor-wide assets have grown 130.3% since 2022 across 3 plan years on file. More Finance & Insurance plans